How Companies Lose Great Talent: 10 Counterproductive Actions That Are Far Too Common

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If you ask leaders about their organization’s greatest asset, most will unhesitatingly respond, “our people.” However, if this were the case, it would be easily evident through visible actions and a clear money trail.

For every company investing heavily in their employees, dozens are not. And, although it’s currently an employer’s market, the pendulum will swing back as it always does.

Stellar talent — the kind that moves the dial on profits, brings an innovative mindset and influences others to drive the vision forward whether in the mailroom or boardroom — isn’t going to settle for a company who invests less in them than they invest in the organization as employees.

Here are 10 common counterproductive practices that cause companies to lose great talent:

1. Not compensating promotions adequately. This one is first because as a career coach who helps clients negotiate compensation packages, a huge pet peeve is how silly internal raise policies typically are. Many organizations put arbitrary limits on how much of a bump an internal employee…