Skills….skills…skills, how to keep them?

One of the challenges faced as a manager in any firm is how to find and
retain employees with the right combination of skills.

The global demand for manpower is overwhelming. Countries such as the US,
Canada, Australia, New Zealand, and the European Union are competing for the
same combination of skills. One of the major providers of manpower, India, is
facing its own shortage of skills in certain areas and many Indians are
opting to remain at home where they are now receiving greater salaries than
previously.

Gone are the days when a manager or a firm has the final word in an
employee’s career. Today, an employee with the right skill mix, can compete
for positions at a global scale, where the demand is high and the
remuneration is competitive, as in today’s climate of employment suggests
that people can now map and forecast their own career path.

Countries who fail to retain their work force will face the challenge of
sustaining its growth.

As managers, you need to learn how to retain your top performers. These are
some of the areas you could focus upon, to give your employee a sense of job
security:

1- continuous job training
2- continuous job performance review
3- immediate pay raise for good performance
4- if you have any foreign employees within your team, ensure that you action
any legal matters in a speedy manner, as one of the top reasons for a high
worker turn-over, is that the employee does not feel secure about their
future in a new country
5- we are living in a world where borders are disappearing and we now discuss
manpower on a global market rather than a local one. The world employment
market awaits the talent you are willing to forego, it is in your best
financial and technical competitiveness to cultivate and educate your
existing employees in the culture of your firm, as you have already invested
in their future. It makes good business sense to hold on to the talent you
have created.