When the business operations are intrinsic to the people performing the operations, it becomes essential to retain talent. This means that any loss in workers an be immensely detrimental to the company.
However, as the Great Resignation continues and the job market is getting stronger, it is becoming increasingly harder to retain talent in the company.
The alternative? Christopher White, Managing Partner at electronic company Eques suggests creating a business process that forms a replicable and transferable knowledge base.
White wrote that instead of getting locked-up knowledge base, employers should shift to a people-focused strategy.
The systems, processes and platforms in the company should be aimed at quickly integrating a new employee and seamlessly extracting themselves if and when they leave. Develop user-friendly systems, processes and platforms that grant autonomy and encourage meaningful contribution—not repetitive work cycles.
Whether a person stays their entire career or joins the company for only a set period, they should feel empowered, incentivized and rewarded for how they move the business forward on its journey.
Business is unpredictable, you may have a set of employees with a wide range of expertise one moment and lose them one by one on the next second. Employers should not be reliant in their employees. At the same time, employees should not be guilted to stay in the organization.