Horizon Point Consulting

Category: Talent Management and Development

We provide full service talent management and talent development consulting services. Read our blogs in this category for stories and best practices from real clients and real research.

  • 5 Ideas for Retaining Talent in a Tough Labor Market

    5 Ideas for Retaining Talent in a Tough Labor Market

    Most HR professionals and business leaders today are concerned about finding and keeping talent.  If you are going to focus on one, I’d suggest you start first by focusing on retaining talent.

    Broadly, the best way to retain talent is to create an environment where people have key needs met. These needs are described in Daniel Pink’s book Drive. They are 1) The need to direct their own lives 2) The desire to do better for ourselves and our world 3) To learn and create new things.

    But given these three things, what are some practices that can actually be implemented?  Here are a few suggestions:

    1. Customized total rewards/benefits.  In other words, what a 20-year-old wants/needs are different than what a 40-year-old and a 60-year-old need and want. You could use other criteria besides age to illustrate this point as well. One-sized fits all benefits don’t work anymore. Ala Carte benefits and pay are more effective.  

    For more thoughts on this, you might find these posts helpful:

    A Look Back On the Best Way to Thank Employees is to Make it Personal

    3 Steps for Driving Employee Engagement through Personalization

    2. Two-way senior leadership exposure. Senior leadership needs to be exposed to front line staff and vis versa in order to identify and develop high potential employees and align them for growth opportunities. Set-up a time where senior leadership regularly “walks the floor” and interacts with the front line.  

    3. Link all practices and rewards to company values. 

    For more thoughts on this, you might find these posts helpful:

    Marketing Your Core Values and Culture

    6 Ways to Design Your Performance Management System Around Company Values

    4. Implement “buddy systems”.  This is a system where HR or bosses are not involved but where people can connect with others at work about problems or issues and work them out with their peers.  These could be work or non-work related. Allow latitude for those solutions to be implemented.

    5. Capture learning while it is being made.  Make videos of products being made and designed especially if you deal in customized things that aren’t produced regularly (processes not on paper but in the video). This can help people who are creating the learning be able to meet number two and three above and also help people who are learning from them fulfill need three.

    With turnover costing companies 100-300% of the person’s annual salary, not to mention the challenge of finding people in this tight labor market, it is worth implementing things that make sense for your business to help you retain and train those you already have.

    Which of these five things makes the most sense for your organization to help you retain talent?

  • Why Attendance Occurrence Programs are Bad for Business

    Why Attendance Occurrence Programs are Bad for Business

    In 2003 I got one of those calls every child dreads. My mother was in the hospital and being rushed into emergency surgery. Turned out she had an allergic reaction to a medication and it almost killed her. She was at work when she started to notice something wasn’t right and within a matter of a couple of hours, her hands swelled up so much that she had to have emergency surgery to cut her hands open to relieve the pressure. She ended up with Stevens-Johnson Syndrome and was in the Intensive Cardiac Care Unit for almost a week.

    Her employer, a nationally known retailer, gave her an occurrence against her attendance record for leaving work early.

    A co-worker of hers received an occurrence a few weeks before for leaving work early as well. In her case, she had a heart attack during her shift and was carted out of the building on a gurney and into an ambulance.

    While these are two extreme cases, attendance occurrence programs are bad for business. Here’s why:

    1. Occurrence programs discourage employees from taking sick days. If you get an occurrence for calling out sick, you’re more likely to go to work sick and suffer through. As a result, you’re less productive while at work, it takes you longer to recover from an illness, and you end up passing your germs on to everyone else you work with. And if you offer sick leave, but punish employees for using it, what message are you really sending?
    2. They penalize employees for things outside of their control. Life happens. You get sick, your kids get sick, you get stuck in traffic because of an accident. Whatever the case, sometimes life just happens. And occurrence programs penalize you for those things that may be completely out of your control.
    3. They’re counter-intuitive to a culture of work-life balance. Most companies today promote a culture of work-life balance. But if you punish employees when life does happen, you’re showing your employees that while you talk the talk you don’t really walk the walk.
    4. Occurrence programs punish all for the actions of a few. While I fully believe in addressing attendance issues, many companies that implement an occurrence program have done so as a result of the actions of just a few employees. Attendance issues should be addressed individually. Occurrence programs punish good, productive employees just the same as it does those poor performers. Which then leaves those good performers wondering why they try so hard.
    5. If you’re concerned about lost productivity as a result of absenteeism, why aren’t you worried about the cost of turnover that results from an occurrence system? If you analyze the data of lost productivity due to absenteeism and compare that to the lost productivity as a result of termination due to that occurrence system (also add in there the cost of replacing a termed employee), what you may find is that it’s costing you more in turnover than it is in absenteeism.

    Again, I’m not saying let attendance issues go. I fully believe in addressing attendance problems individually with those employees who abuse the system, and it’s usually pretty easy to determine when the system is being abused. However, attendance policies need to be flexible, they need to allow for the unexpected. They need to show employees that while they are expected to be at work and be productive, the organization understands that life happens and that when life does happen they can go and take care of it without the added stress of wondering if their job is in jeopardy as a result.

    You may also like our blog The Most Popular Emerging Employee Benefit is…

  • The Most Popular Emerging Employee Benefit is…

    The Most Popular Emerging Employee Benefit is…

    I remember thinking, how am I going to do this?

    I had just started my first full-time job out of college, and I was getting married that year.  I had been given two weeks of vacation for my first year that I had to earn throughout the year.

    If I wanted to take a honeymoon and be off a day or two before the wedding, I really had almost no time left to take off.  And a couple of my good friends were getting married that summer too, and I was in their weddings out of town.

    Was I going to have to lie and fake sick to be able to take enough time off to be in attendance for these events (since sick time was a separate time off bank at the time), or was I going to have to choose and miss something in order to be at work?

    And these decisions did not take into account whether I even needed to be present to get work done.  I could actually report to work missing something important to me, and quite possibly not have much work if any, to get accomplished if I was wise with my time and worked efficiently.

    According to a survey out by MetLife (click to download the full survey for this information), the most coveted emerging employee benefit is unlimited time off.

    Seventy-two percent of those surveyed said that unlimited time off is the emerging benefit they are most interested in.

    I could understand this in my early twenties when a benefit like this would have been unheard of, and I can certainly understand it now with my life involving time off needs that don’t just revolve around me but also the needs of a growing family.

    The survey states: “Emerging benefits help employers create the kind of culture that demonstrates a deeper level of care for employees, communicating that their needs are valued and their employer is committed to their success.”  

    In addition, and possibly more importantly, unlimited time off communicates trust to employees.  Trust that they know when and how much is appropriate to take off and for the right reasons.

    It also demonstrates a level of trust in leaders who are managing employees’ time to be able to utilize this benefit in a way that leads to company and individual success.

    So in a day and age where unlimited time off is an actually possibility, would it be your most coveted benefit offering?

    And if you are an employer with the ability to provide this benefit, what keeps you from doing so?

    Full disclaimer:  We offer unlimited time off at Horizon Point, and I have found that our people have never abused it.  If anything, there is not enough time taken off when needed.

  • When striving for a culture of “collaboration” kills your business

    When striving for a culture of “collaboration” kills your business

    We conducted a focus group about a year ago with a group of business leaders around the idea of organizational values and culture.   In this focus group, we presented seven key values, based on research that defined organizational culture.   The goal was to see what these professionals thought about these seven values in the context of a broader assessment product.  And whether this values set could predict a company’s culture in order to match candidates to cultures that align with individual the candidates’ values.

    Often things like this come down to semantics, but one piece of feedback where there was agreement was that the value of “collaboration” is something all companies want. Is this really what we meant or did we need to change the name of this value to reflect more of something that could be seen on a continuum?  Many of the others values we presented were viewed as a continuum that didn’t lend the value to be seen as right or wrong, just different in different work environments.

    We haven’t changed the name of this value yet and maybe we will, but in reflecting on the feedback and on experience working with a variety of companies that try to promote a collaborative culture, I have seen the dark side of it.

    The dark side of a focus on collaboration comes in the form of it sabotaging organizational health.  It flows something like this from a behavioral perspective:

    1. In the name of collaboration, we have to have “everyone” involved in order to make a decision big or small.
    2. Because “everyone” has to be involved to make any decision, it takes forever.  Never mind that we already passed a budget that has built in decisions in it or adopted a strategy that everyone agreed upon, we still need to meet on the minutia of those efforts.  And, oh by the way, if you want to get everyone together in a meeting to decide on this minor detail, it will have to be in a month because everyone’s calendar is full from the other small decisions that it was decided needed everyone’s involvement that came up two months ago.
    3. People get frustrated because everything takes so long and they begin to feel like they have no control over what they were hired to do.  They don’t have any decision-making authority even if their job title warrants it.
    4. It looks like everyone needs to be involved in the decision-making process in the name of collaboration, but everyone still knows who makes the final decision or whose voice is heard the most.  So, a lot of political posturing takes place in preparation for those meetings that have to be scheduled for months out.

    In the end, what is couched as “collaboration” is actually the complete opposite of it.  And the results that the “collaboration” is designed to lead to ends up being missed opportunities and high turnover because of frustration and stalled decision making.

    When have you seen “collaboration” go bad?

  • Do Meetings Negatively Impact Productivity?

    Do Meetings Negatively Impact Productivity?

    Last week, during a meeting with a client’s leadership team, we got on the topic of just how much time they spend each week in meetings. One of the managers told me that meetings take up about five to six hours of his day, every day! That only leaves him two hours to get his work accomplished. When I asked him to tell me about his meetings, his list went something like this:

    8 AM- Meeting with team 1 to discuss issues

    9 AMM- Meeting with team 2 to determine what issues from 8 AM meeting are critical

    10 AM- Meeting with team 3 to determine how to manage/resolve critical issues determined in 9AM meeting

    And this is EVERY day! Three hours of his day are spent discussing the same topics with different groups.

    How often have you attended a meeting and walked out thinking “that was a waste of my time” or “that could have been said in an email.” Have you ever gone to a regularly scheduled meeting for months and then have someone in that meeting tell you that there probably isn’t a need for you to attend?

    Studies show that high level executives spend on average over twenty hours per week in meetings. That’s half of their workweek! Lower level managers spend between about ten and fifteen hours per week in meetings. They are such a part of our lives that companies like MeetingKing.com  and Meeting Stats  help to quantify time and money spent on meetings as well as help to organize and track meeting information.

    While we can’t eliminate meetings from our workday, there are strategies that we can use to make sure those meetings are successful and lead to an increase in productivity instead of a decrease.

    1. Before scheduling a meeting, ask yourself if it’s really necessary. Can you accomplish your goal by sending an email, or picking up the phone for a quick call? Are you duplicating information that is covered in another meeting?
    2. Invite the right people. As you add others to the meeting invite, ask yourself if they really need to attend, or if the information presented during the meeting can be passed along to them afterwards. Jeff Bezos, Amazon CEO, has the “two pizza rule”.  Never invite more people than what two pizzas would comfortably feed.
    3. Prepare in advance. In order to maximize your time, plan the meeting out in advance and send a copy of the meeting agenda out to the attendees at least 24 hours prior if possible. Then stick to it (both the agenda and the allotted time). According to Meeting King, research shows that 39% of employees admit to dozing off during meetings. Don’t let your meeting drag on so long that you’re putting them to sleep!
    4. Designate a scribe or secretary. Have someone take meeting minutes that can be distributed afterwards to those employees who were not invited (or couldn’t attend), but need to know what was discussed or decided during the meeting.  
    5. Reassess the need. If you have standing meetings, reassess them occasionally to determine if they’re still necessary. Is the content still relevant, do they overlap with other meetings that could be combined, are those in attendance still required, and are they effective?

    If you tallied up the time you sent in meetings in the last month, how much of that time would you consider productive versus unproductive?