The Top Two Things Keeping Your CEO Up at Night and Why You Should Care

The Top Two Things Keeping Your CEO Up at Night and Why You Should Care

The Latest:  According to a new survey conducted by Conference Board, for the second year in a row, the top worries for CEOs are: 1) fears of a recession; and 2) attracting and retaining top talent. Read about the survey results.

While you may not be able to impact the first fear, everyone in your workplace can impact the second.

Why This Fear Now? Due to historic labor shortages, finding and keeping the best talent remains the key to success for any organization. I have yet to see a company that boasted good customers without good employees.

Why is This Your Problem? You may grumble that you’re not the CEO and you have your own problems, so who cares if they’re up at night worrying? But the reality is recruitment and retention are your problem also. If you want a higher salary, bonus or stock options, the success of your organization depends upon the talent you have and keep.

What Should You Do?

Keep Your Boss Happy: No matter what your job, the bottom line is that helping your own boss be successful will always impact your success. If you find out what your own leader is worrying about, you can make sure that you help impact their achievements. If you do so, your own fortunes will improve.

Help with Recruitment and Retention: In most workplaces, the most successful new hires are those who knew someone who already worked for the organization. Therefore, many companies pay various kinds of referral bonuses. Even if your organization does not offer such a bonus, you’ll be noticed if your referral pans out. Even if you don’t refer a new person, working well with colleagues always helps with retention and contributes to reducing the rate of turnover.

What Gets Measured Gets Done:  If you’re a manager, keep track of your own turnover rates. If you’re a leader of other managers, keep track of their turnover. While you may believe that who stays or goes is out of your hands due to external factors, you’ll be surprised to find that you can impact the result if you keep track. Keeping track is the first – and sometimes the best – way to make sure you reduce turnover. Once you start watching the numbers, new ideas will come to you about how to keep your best people.

Want more ideas about recruitment and retention?

Want to Hire the Best? Ask THIS Question 
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What Do You Think?

What the best way to impact recruitment and retention? Call or write us at:  303-216-1020 or Lynne@workplacesthatwork.com