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How Operational Excellence Attracts and Retains Talents

Operational Excellence is a systematic approach to improving business processes and performance. It can also significantly impact a company’s ability to attract and retain talented employees.

The Significance of Talent in Modern Business

High performers are crucial to any organization’s success. A study encompassing over 600,000 individuals across various professions revealed that top performers are up to 800% more productive in complex jobs like software development and management. However, many companies struggle with attracting and retaining such talent. A McKinsey survey found that 82% of companies don’t believe they recruit highly talented people, and only 7% think they can retain top talent once hired.

Employee Engagement and Retention

Employee engagement is a critical factor in retention. Gallup reported that over 50% of employees surveyed in 2015 were not engaged, and 17.2% were actively disengaged. Additionally, 73% were contemplating other job opportunities. The scarcer top talent becomes, the more vulnerable companies are to losing their best people to competitors, especially as younger generations exhibit less loyalty to employers.

Operational Excellence in Retaining Current EmployeesStrategyDriven Talent Management Article: How Operational Excellence Attracts and Retains Talents

 

Operational Excellence contributes to retraining employees through four main drivers:

  1. Enhanced Job Satisfaction:
    • Streamlined Processes: Operational excellence often results in streamlined, efficient processes. This can significantly enhance job satisfaction by reducing frustrations associated with inefficient workflows, leading to a more engaged workforce.
    • Employee Empowerment: A core aspect of operational excellence is empowering employees to contribute to continuous improvement. This empowerment can lead to a greater sense of ownership and loyalty among employees.
  2. Professional Growth and Development:
    • Continuous Learning: Organizations that excel operationally often prioritize continuous learning and development. This commitment to employee growth can be a strong retention tool, as employees value the opportunity to enhance their skills and advance their careers within the organization.
    • Innovation Opportunities: Operational excellence involves embracing innovation. Employees often find motivation in working for companies that are at the forefront of their industry, offering opportunities to work on innovative projects and solutions.
  3. Workplace Culture: Operational excellence contributes to a positive work environment, where efficiency, respect, and collaboration are valued. A positive culture is a key factor in employee retention, as it fosters a sense of belonging and satisfaction.
  4. Employee Recognition and Reward Systems: Effective operational systems often include performance-based rewards and recognition programs, which can increase employee motivation and loyalty.

Operational Excellence as a Talent MagnetStrategyDriven Talent Management Article | How Operational Excellence Attracts and Retains Talents

 

As operational excellence is mainly internal to the company, the challenge is to make it visible to the talent the company wishes to attract. This is how it can do it.

External Perception and Attraction of Candidates

  • Brand Image: Companies known for operational excellence often have a strong brand image. This image, reflecting high standards in efficiency, quality, and innovation, is appealing to potential candidates who seek to work in well-structured and successful organizations.
  • Market Reputation: Operational excellence contributes to a positive market reputation. Prospective employees are attracted to companies that are leaders in their field, as it suggests stability, growth potential, and a commitment to best practices.
  • Visibility Through Success Stories: Success stories and case studies showcasing a company’s achievements due to operational excellence can attract talent. Such stories often highlight innovative practices, significant improvements in processes, or achievements in quality and efficiency, which can be very attractive to skilled candidates.


Recruitment Messaging

Companies can leverage their operational excellence in their recruitment messaging, emphasizing the organization’s commitment to continuous improvement, employee engagement in decision-making processes, and the use of cutting-edge tools and methodologies.

Conclusion

Operational excellence is more than a business strategy; it’s a talent strategy. Companies that embed continuous improvement and learning into their culture not only excel operationally but also become magnets for top talent. By focusing on creating an environment where employees can grow and develop, these organizations can attract, retain, and develop the high-quality talent necessary for long-term success. The key lies in understanding the dynamic relationship between operational systems, employee engagement, and talent development. This holistic approach can transform a company into a desirable destination for the world’s best talent, thereby driving both operational and human capital excellence.

The Top Benefits of a Corporate Wellness Program

StrategyDriven Talent Management Article | The Top Benefits of a Corporate Wellness ProgramThese days, the most pressing challenges that employers face are attracting and retaining top talent. If you want your company to stand out from the crowd and interest standout candidates, you must find creative offerings. While a competitive salary and benefit packages are key, you also need to show prospective employees that you care about them as people rather than just workers. Corporate wellness programs can help you with this. So, what other benefits follow the establishment of a corporate wellness program?

Improved Employee Productivity

First, such a program can increase your staff’s productivity. After all, happy employees are more likely to work hard and remain focused. Individuals struggling with mental or physical health issues often struggle to complete tasks. But a wellness program can help you take proactive steps toward supporting health and wellness. As a result, employees have more energy to focus and fewer distractions to undermine their productivity. If you want to boost output, focus on your workers’ mental health.

More Continuity and Less Turnover

Another significant benefit of a corporate wellness program is how it increases continuity in the workplace. When employees struggle with their health and wellness, they tend to take time off work. Someone else must then pick up the tasks of that staff member. If you want to avoid this issue, you must keep your employees as happy and healthy as possible. A corporate wellness program will help you do just that.

Attract the Top Talent

Finally, the greatest benefit of a corporate wellness program is its capacity to attract talented individuals to the workforce it supports. More than ever before, employees care about their office’s atmosphere. They want to know their company values them as individuals and team members. If you put extra time and effort into keeping your employees happy and healthy, talented individuals will want to work for your organization.

Set Up a Corporate Wellness Program

To illustrate that you care about the health and well-being of your employees, establish a wellness program. If you have never created a wellness program before, you need not do so alone. Reach out to a professional who can help you establish effective health initiatives.

How To Attract Top Talent To Your Business

StrategyDriven Talent Management ArticleIf you want to be successful in the long-term, then you’re going to have to hire a team of people who are skilled and committed to helping you grow your business. You’re not going to get far if you’re closed-minded and behind the curve when it comes to technology and treating your employees fairly.

Be glad to know there are specific ways for how you can attract top talent to your business and help guarantee a bright future for your operation. You’ll thank yourself down the road when you have a strong team of people behind you who know what they’re doing and are loyal to your company.

Show that You’re Innovative & Cutting Edge

Employees want to work for a company that’s ahead of the game when it comes to technology and innovation. They’re looking to join businesses that are willing to take calculated risks and try new approaches. Attract top talent to your business by showing that you’re on the cutting edge of some interesting and intriguing projects. Prove to potential candidates that you’re problem solvers and aren’t people who take no for an answer.

Be Accepting of Everyone

You’ll be able to build a more stable and diverse workforce when you’re accepting of everyone, no matter their race, disability or gender. Investing in Custom Braille Stickers is a great example for how you can show that you’re a business that doesn’t discriminate. Your goal should always be to keep an open mind and hire the right person for the particular position you’re trying to fill.

Offer an Attractive Compensation & Benefits Package

You’ll attract top talent to your business when you prove that you’re willing to go the extra mile and invest in your employees. You can do this by offering attractive compensation and benefits packages to anyone who you bring onboard at your company. Cutting corners will get you into hot water, and eventually, you’ll start to lose your most skilled workers, and people won’t be interested in even interviewing with your business.

Promote Work-Life Balance

These days’ people seeking an available position are not only interested in learning more about the specific job duties, but also the company culture. Promoting an environment of work-life balance will help you catch the attention of talented workers who are looking to have a family life in addition to giving it their all in their career. Be prepared to provide examples of how you offer flexibility at your workplace during interviews and let it be a selling point for why someone would want to work for you.

Conclusion

You’ll find you’re able to grow a stable and thriving business when you have the right staff on your side. Use these tips to help you attract top talent to your business so you can continue to move forward and achieve your goals. Start the process by taking a look around and seeing where the gaps exist and then work hard to find people who are a good fit for each specific job opening.

Fending Off Employee Dissatisfaction: How to Retain Top Talent in a Turbulent Job Market

A number of recent reports have indicated that nearly 50% of the U.S. work force is unhappy with their current job. Amid the prospect of a recovering labor market, if this news doesn’t seriously concern you as a business owner or manager, it should. With such a high level of employee dissatisfaction, it’s a safe bet that once the job market recovers, a great number of people will “jump ship” when the opportunity is right.

The Retention Factor
If it isn’t already, retaining talent within your organization should be a top priority. But, the stakes are even higher now. Why? So much of a company’s success, its value to customers and its potential for future growth reside within its people. Keeping your most talented team members on your side is important for a number of reasons:


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About the Author

Solange Charas joined TalentScope in 2008 as the Global VP of Pre-Sales for the group. Prior to her joining TalentScope, she held several top level HR positions including CHRO of Praetorian Financial Group, SVP, Head of Human Resources for Benfield Group, and Global Head of Human Resources for Havas Advertising. In these roles she was responsible for all aspects of HR for these three organizations. Ms. Charas’ prior professional consulting experience includes many senior-level positions with companies such as Arthur Andersen, Ernst & Young LLP, and Towers Perrin. Ms. Charas served as a chairperson of the Remuneration Committee 2005 to 2009 for NASDAQ-traded Able Energy. Ms. Charas has a Masters in Business Administration in Accounting and Finance from Cornell University, a Bachelor of Arts in International Political Economy from the University of California, Berkeley and a Certificate in Negotiations from Harvard University. In the fall, she will be pursuing her Doctor of Management.

Organizational Accountability – Increase Opportunities with Accountability

StrategyDriven Organizational Accountability PrincipleEvery day, executives and managers are presented with opportunities to enhance their organization’s success. Frequently, these opportunities go unrecognized, unexplored, or unexploited because the organization is not prepared for them. Certainly, some opportunities are beyond an organization’s reach because of resource limitations. However, ensuring the organization possesses key attributes will better enable it to take advantage of those opportunities for which it has the resources and that are consistent and aligned with its mission. These attributes include:


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About the Author

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.