What drives Attrition and Retention

Written by Larry Fehd, CEO & Founder / HPS


Most leaders have good intentions, and these intentions are usually recognized and appreciated by employees. However, despite these best intentions, many leadership behaviors often have limited impact on reducing attrition and increasing retention of key talent. In fact, they may have the opposite effect by increasing attrition and reducing retention of our best people.

Maslow’s Hierarchy of Needs theory is perhaps the most common and widely accepted explanation for basic human needs. Many of our employees’ basic needs are already being provided for as a function of employment. However, when we consider the major drivers of attrition and retention, we discover some very different types of needs from our employees. (more…)

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Talent Retention and Challenging Economic Times

Written by Larry Fehd, CEO & Founder / HPS


When was the last time you told your most valued employees how much you appreciate their contributions? When was the last time you asked them, “Why are you staying?” Now, I don’t mean that literally, but let’s think about this for a moment. Isn’t it true that we normally ask our employees why they are leaving after they have given notice? Wouldn’t it make sense to be checking in with them on a regular basis to determine why they are staying? You may consider asking them about their overall job satisfaction, clarity about future career path and development, feelings of appreciation and affirmation for their contributions to business success, etc.

If you didn’t have an opportunity to read last month’s issue of Leadership Best Practices, you may want to scan the article on Talent Development: A Research Based Perspective on Performance. The article summarizes compelling research-based evidence as to what is really essential for key talent development and retention. (more…)

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Talent Development: A Research-Based Perspective on Performance

Written by Larry Fehd, CEO & Founder / HPS


While savvy business leaders agree that top talent correlates to improved productivity and bottom-line business results, many of
these same leaders disagree on what constitutes an effective talent development strategy.

According to recent research conducted by McKinsey & Company there is a strong correlation between top talent, productivity,
and bottom-line business results. However, the absolute essential components of an effective talent development strategy—in contrast to more traditional approaches—may surprise you. (more…)

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