It is rare that something gets published in mainstream media about leadership and corporations that I identify with so completely.
Bravo Eric Jackson and Forbes.
Through LinkedIn Today, I found a story on Forbes website entitled Top Ten Reasons Why Large Companies Fail To Keep Their Best Talent. It lists Jackson's list of ten reasons of why companies lose their best talent.
All ten reasons ring true to me, but several really resonate with me. For example #2, "Failing to Find a Project for the Talent that Ignites Their Passion":
Big companies have many moving parts — by definition. Therefore, they usually don’t have people going around to their best and brightest asking them if they’re enjoying their current projects or if they want to work on something new that they’re really interested in which would help the company. HR people are usually too busy keeping up with other things to get into this. The bosses are also usually tapped out on time and this becomes a “nice to have” rather than “must have” conversation. However, unless you see it as a “must have,” say adios to some of your best people. Top talent isn’t driven by money and power, but by the opportunity to be a part of something huge, that will change the world, and for which they are really passionate. Big companies usually never spend the time to figure this out with those people.
I do understand that in the corporate world, especially the consulting/contracting world, the priority is to really keep an individual is muted by the drive to fill jobs and win new work. However, I think that many in my generation really want to find value in their work. Being a simple seat filler is not enough...you need show me more. Make an employee CARE for their work, and you will get amazing results.
And then there was #8, "The Missing Vision Thing". Likely the biggest reason I will be considering other opportunities starting in the New Year.
This might sound obvious, but is the future of your organization exciting? What strategy are you executing? What is the vision you want this talented person to fulfill? Did they have a say/input into this vision? If the answer is no, there’s work to do — and fast. 8. The Missing Vision Thing. This might sound obvious, but is the future of your organization exciting? What strategy are you executing? What is the vision you want this talented person to fulfill? Did they have a say/input into this vision? If the answer is no, there’s work to do — and fast.
Many of these tenets also apply to the success of government organizations as well. Too often talented people are seen as simple cogs...easy to replace with the next person with the same resume. It might even be worse since government is also not rewarded based off results, just awarded for maintaining their huge pot of money or inflating their egos.
So take a moment to read the article...worth the time.