Work Life Issues are Key to Stemming Departures

Harris AlliedIt’s no secret that the first half of the new year, particularly the first quarter, is prime time for employees to seek out new job opportunities, but there are purposeful steps employers can take to prevent their top talent from jumping ship even at the eleventh hour, say recruiters at Harris Allied, a New York-based recruiting firm.

“Employees have just received their year-end bonus and companies have fresh budgets for hiring new talent this time of year so we typically see a lot of job changes right about now. But there are steps a hiring manager or a team leader can take to close the back door to retain their best employees and prevent them from taking a job elsewhere,” says Kathy Harris, managing director at Harris Allied. “People join companies but leave managers, so the difference can really be made at a departmental or even team level. 

“Many managers would be surprised to know that it’s not money, but culture and work-life issues that typically make or break the decision to seek out new opportunities,” Harris says. 

Harris offers the following guidance to department and hiring managers, as well as team leaders, that are interested in retaining their top talent when there is so much job search velocity in the marketplace right now:

“This kind of proactive approach to retaining employees is a180-degree shift from the way things have been in the last three or four years when it was decidedly more of an employer’s market.  This requires a real cultural shift at both the corporate level, as well as at the group level,” says Harris. 

“But we have seen companies take this approach to an extreme,” she noted. “When key employees start leaving, it sends a message to the organization that business conditions are uncertain. In one case the CEO and COO felt so strongly about retaining a key employee that they met with him and worked to create an expanded role that fit both his current skills and broader career goals. The fact that key execs were willing to step in and make his retention a priority made the difference and the employee stayed.”

About Harris Allied

Harris Allied provides premier executive search, technology and quant analyst placement services to the financial services, professional services  consumer goods, digital media and tech industries.  The firm represents clients who are at a variety of growth stages: from tech start-ups to established industry leaders. Harris Allied’s client-centric approach allows the firm to objectively assess the strengths of qualified candidates and thoughtfully match them with the right opportunities.  For more information visit www.harrisallied.com. To view Harris Allied’s corporate video, “For Each of Us, It Starts with a Moment,” visit www.youtube.com/harrisallied.