What is a good retention plan for a top performer.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What is a good retention plan for a top performer.

What are the components needed to do so?

How do you retain a top employee that is unhappy with the organization? 

Expert Solution
TOP PERFORMERS- Asset for the company

Top performers are the biggest prized possession for the company. They have an inner desire to be recognized and appreciated. They should always be that how valuable and worthy they are for the organization.

Employees who receives regular appreciation and appraisal from the employers or managers side usually add up loyalty , productivity and increases the chances to stay up with the organization.

Keys to retain top performers :

1. Benefits & Compensation :

first and foremost  way to  retain a performer is to provide them high edge competitive package to stand out in the crowd which make them feel to be appraised.

2. Good Managers

we should always invest in manager because as they say " its not about company its about managers to deal" . the company should start a top notch training program, that provides mentorship and coaching, that can help managers have the knowledge and skills required to support their employees and provide them with the type of leadership that will keep them indulged and satisfaction. Mentoring can be widely valuable for a top performer to thrive on interaction with influential colleagues.

3. Invest in community and connection :

There must be team building and connectivity for the employees 1:1. Offering mixing up sessions , engaging them virtually or in person  helps them to feel them connected to the organization which is good for the retention in the company. this will helps to connect them emotionally.

4.  Provide the Most Assignment :

Giving your top-performing employees highly visible and meaningful assignments is key to keeping them engaged. Give them  stretch assignments that are essential to the organization’s success.  These employees  should be given challenging opportunities that are outside of their comfort zones this will increase their potential, knowledge.

5.Communication

Open communication is the key for almost everything.  the high potential employee must have a privilege  in the organization to be listen. Giving them one to one attention will helps them to believe that they are high potential for the company.

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