C.C. CHAPMAN - KEEPING THE BEST TALENT- PART I
In C.C. Chapman's August 23 2006 podcast, Managing the Gray, he addressed the difficult business challenge of keeping the best talent. C.C. took the time during this podcast to give us some advice and strategies on how to keep good talent in your organization.
First and foremost, C.C. makes the point that it is not about the money. He acknowledges that there are some people who are motivated by money and it is their only motivator; however, in his personal view, someone with this kind of work ethic is not someone that he would want on his team. C.C. suggests that you use these types of people as consultants and pay for their expertise; however, avoid making them essential players on your team. C.C. quite properly acknowledges that people always want more money and no good talent is going to refuse money; however, he indicated, once again, that if making money is the primary goal, then you can be assured that the individual in question will not be a good fit.
C.C. goes on to remind us that good talent always wants to be challenged and you must ensure that, to the extent possible, they are indeed never bored. In C.C.'s view, you must also give praise. While constructive criticism is helpful, C.C. indicates that we must not forget to give clear and targeted praise from time to time. C.C. is of the view that coaching is an integral part of keeping good talent happy. While coaching is something akin to constructive criticism, it can be done in a more positive and favourable way. He notes that good talent needs to grow and prosper as an important part of this process.C.C. indicates that you need to also make sure that your good talent is part of the strategy of the business/organization right from the outset. In fact, good talent will often want to clearly understand what the strategy is and be a part of leading the company and/or organization to success. Good talent needs to be empowered and needs to be given opportunities and left alone to completion; you want to be careful not to restrict independent initiatives.
All the best, Ian and Suzana.
