Are staff retention policies outdated? I say Yes.

“Let me know how you will find your next skills, and how you can continue to grow , inside or outside the company?”

I lean back to let her think, before I speak again.

I am having a development meeting with someone in my staff, and my question makes her frown involuntarily. That warms my heart, and I have to stop myself from grinning. I like when people want to stay!

I can see I need to remind her what it means to work in this generous and people focused environment, built on striving for excellence and constant improvement; I spend a lot of effort on making sure I get the communication right; encouraging people to learn from outside doesn’t always mean I want people to leave!

We are not your average company 

I get that it is not common to be encouraged to look both inside and outside for your next learning and challenge. I know it is certainly not what you usually get from a manager who thinks you’re a top performer, in a company you’ve been told you are highly appreciated. But we are not your average company, and we certainly don’t aim for average growth and development for our staff. I am an Improver, in its truest form, and that is highly visible in my relentless push for finding talent and then making it better, brighter, faster.

We are a fairly young company, and as such, each and every employee is tremendously impactful on our small and tight knit team. We are growing fast, which means there are ample opportunities to grow both in role, as well as move to a new position. We have more chances of providing new responsibilities internally than most other companies – we are lucky that way. However, in 2017, that means very little. Let me explain.

Don’t get laid off!!

It used to be great to keep a job your whole life. The goal was to never get laid off, to learn on the job and to be as experienced as possible – that was the best way to increase your salary. But all that has changed: technology and innovation drives faster much quicker than ever before, and the most effective way to raise your salary is often to switch companies every two years. It is no Ionger suspicious to having have more than 3 employers in a lifetime, and certainly the pure REASONS for working has changed with different generations. We are no longer satisfied with doing something we are capable of, we also want to do something we love. And that is exactly it:

I hire smart people. I hire people who are clever, hungry, eager and driven. And then I give them a carefully balanced mix of support and opportunity, tailored to the individuals personality. So then, the inevitable happens: they grown. And learn. And they love it.

Which is maybe why they want to stay, and don’t get me wrong, that’s awesome. But it may not be what is best, neither for them, nor for the company. Continued and accelerated growth is better, and we get that from people bringing in new thoughts and ideas, new viewpoints, new skills and experiences. If we can keep a great balance between harnessing the talent we have, combined with the new intelligence we get in, while continuing to support the learning we see, we will be a hot, magical melting pot of brilliance, where the love of growth, learning and progress brings out the very best in all of us.

In my companies staff retention policy has changed to staff returning policy. Give it a go. You might learn something new!