Adam C. Bandelli Of Bandelli & Associates On The Labor Shortage & The 5 Things We Must Do To Attract & Retain Great Talent
An Interview with Phil La Duke
Make it Fun: If you want to retain your best talent, create a fun and engaging place to work. This can be more challenging given that most organizations are moving to a hybrid work model. However, look for opportunities to bring your team together in person. A senior leader that I coach in the healthcare industry does this every quarter with his team. He makes it a big event. They have gone to a casino resort for several days. They’ve done a three-day retreat outside the country. They’ve spent a weekend at a ski resort, and another one on a beautiful golf course. His employees look forward to these events. It is a chance for them to relax and recuperate. It helps them refresh and connect with their colleagues. It’s a way he shows his people that they matter, and that work is not just about hitting their KPIs. It’s about people and relationships.
The pandemic has allowed people to reevaluate what they want from work. This “Great Reevaluation” has led to the “Great Resignation” which has left the US with a great big labor shortage and a supply chain crisis. What can we do to reverse this trend? What can be done to attract great talent to companies looking to hire? What must companies do to retain their great talent? If not just a paycheck, what else are employees looking for? In this interview series called “The Labor Shortage & The 5 Things We Must Do To Attract & Retain Great Talent” we are talking to successful business leaders who can share stories and ideas from their experiences that can address these questions.