Don’t Lose Your Best People: Competing in the Labor Market

Don’t Lose Your Best People: Competing in the Labor Market

Episode #159 // With a hot labor market emerging in many countries at present, the threat of your people being headhunted by a competitor is increasing. What steps can you take to keep your people committed to your organization? Who should you be trying to retain, and why (because it’s NOT everyone!)?


Even when other companies are able to pay more for the same skills, there are things you can do to ensure you don’t lose your best people. But you may need to make some tough decisions pretty quickly, rather than waiting for the situation to deteriorate to the point where you’re forced to react.


In this episode, I offer some ideas for identifying your key people and locking them in (even when you don’t have a lot of money to throw at them), and I reveal a method for looking at the bigger picture, so that you see the pay disparity issue in the context of the broader performance of the business!

Your boss wants more with less. Your team wants less, full stop. You're stuck in the middle.


Leadership Beyond the Theory is 9 weeks to promotion-ready leadership.


2,800+ leaders from 150+ organisations. 99% would recommend.


Doors are now open for the June 2026 cohort, they close Fri 26 June!


Join the cohort here: https://go.leadershipbeyondthetheory.com/

Hosted on Acast. See acast.com/privacy for more information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(598)

Moment 183. 3 Timeless Principles of Success in 4 Minutes

Moment 183. 3 Timeless Principles of Success in 4 Minutes

There are 3 success principles that are particularly relevant for the new world we’re leading in. And they have nothing to do with luck, talent, or connections!As labour markets change in the coming y...

26 Jul 0s

5 Ways To Align People's Pay With Their Value

5 Ways To Align People's Pay With Their Value

Can you explain clearly why the people on your team are paid what they're being paid? If you can't, you may have a hidden problem eating away at your meritocracy. We've produced a few episodes over th...

21 Jul 0s

Moment 182. Do You Understand Your Psychological Contract?

Moment 182. Do You Understand Your Psychological Contract?

The psychological contract is the mutual understanding between an employer and employee about their respective obligations to each other.There are no rules for these contracts: they’re based purely on...

19 Jul 4min

Stop Rescuing Underperformers: How to Make Consequences Stick

Stop Rescuing Underperformers: How to Make Consequences Stick

Underperformers don't change because you ask them nicely. They only change when they can no longer avoid the consequences of not delivering.Every time you swoop in and rescue someone, you’re filling t...

14 Jul 26min

Moment 181. Getting Maximum Mileage From Your 1:1s

Moment 181. Getting Maximum Mileage From Your 1:1s

As a corporate executive and CEO, the 1:1 meeting was the single most powerful weapon I had in my leadership arsenal. It was here that I mobilised my direct reports to excel.But even with that focus, ...

12 Jul 3min

The 2 Hardest Conversations You'll Have With Your Top Talent

The 2 Hardest Conversations You'll Have With Your Top Talent

Your top talent doesn't always quit because they're unhappy. Often, they simply can’t see what their next move is. And if that’s the case, it’s not their fault: it’s yours!Every leader I talk to at th...

7 Jul 17min

Moment 180. How to Eliminate Hiring Mistakes

Moment 180. How to Eliminate Hiring Mistakes

Most job interviews are just friendly chats. They don’t provide any real due diligence.Making the right hiring choice requires a lot more than résumés and reference checks. Even personality profiling ...

5 Jul 3min

Meetings: When to speak, when to listen

Meetings: When to speak, when to listen

Meetings can be a political minefield, and most leaders rely purely on their instinct to get by: which means they get it wrong more often than they realise.This episode cuts through the noise on one o...

30 Jun 19min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
rss-pa-konto
pengepodden-2
morgenkaffen-med-finansavisen
tid-er-penger-en-podcast-med-peter-warren
rss-borsmorgen-okonominyhetene
utbytte
liberal-halvtime
finansredaksjonen
livet-pa-veien-med-jan-erik-larssen
rss-skravla-gar
pengesnakk
lederpodden
rss-kron-podden
paretopodden
rss-renters-rente