When was the last time you lost your top performing employee and never saw it coming?
As an Executive Search Consultant of 18 years, most of my career has been spent identifying and enticing top performers or rock stars for my clients. Unfortunately for you, by the time they decide to engage with me and are happy to invest their time with my clients, you face an uphill struggle to keep them and probably rightly so.
Once they have their head turned you maybe able to persuade them to stay in the short term but in reality the odds are stacked against you in the medium term. Money is no longer a long term motivator, It can be a short term enticer but ultimately career aspirations that consider Purpose, Vision and a strong Culture are key to keeping your Rock Stars.
This article provides some good food for thought.
In 2016 we have seen the passing of two music legends, David Bowie and Prince, and the associated mourning, fallout, and tributes--all deservedly so. We see their great impact on the industry, their fans, and people around the world. In a business microcosm, leaders also mourn a loss when they lose a rock star employee. Now we aren't losing our employees to death, rather competitors, retirement, or burnout. These employees are the ones who are our champions; they deliver results, and they lead our teams. They are the ones who we have pegged as successors. And then they leave--leaving in their wake feelings of loss and us asking the question: "How do we replace them?"