It is smart to maximize your good quits.
There are good quits and bad quits. Good quits include those whose departure brings an enthusiastic celebration of ebullient joy that lasts for months. Then, there are the other kind. Good quits also include people you hate to lose, even though it really is time for them to move on. You can’t hold everyone indefinitely. Virtually every employer suffers from usually inevitable career-enhancing moves by valued contributors who find themselves at the cusp where they must leave your employment to most effectively serve their long-term personal goals and ambitions. As both Compensation Café founder Ann Bares and fellow contributer Laura Schroeder observed recently, laudable retention efforts can all too easily slide into an atmosphere of suffocation and detention. Let’s take their thoughts a step farther. If you are going to lose someone, lose them well.
You can’t keep superstars forever. Very few employers have the resources to productively retain the very best workers in their field for as long as they wish. Only extremely unique environments will entice truly talented people to stick around for their entire careers. Superstars, in particular, will draw the attention of recruiters and you will not always be able to insulate them from legitimately better offers. You win some and you lose some; but the parting need not be destructive.
If those who depart your enterprise look back with gratitude and speak well of you thereafter, you should be happy.
Rather than obsess about retaining every good performer, think about options you can implement to make separation as mutually beneficial as possible. A good quit from a competent worker may be more valuable than an excellent new hire. Not talking about discarding toxic personnel, of course, but about ways to make the evolutionary process of transition for both sides as painless and positive as you can.
There is a lot to be said about gaining a reputation as a wonderful graduate school. When those who move on do so with positive attitutes, the place they describe in thankful and appreciatiative terms will reap benefits for many years. Happy “graduates” build your reputation as a wonderful place to work, easing recruiting and reducing pressure on direct pay.
Letting people leave gracefully can be a talent-building strategy. The tactic of retention can backfire. Locking people up in golden handcuffs is both expensive and ultimately fruitless; it only buys time, at best. Honestly admitting that, “yes, it is time for you to spread your wings, leave the nest and fly, so go with our blessings…,“ can resonate longer and stronger than the best LTIR plan with platinum chains. Folks who speak of their positive seminal developmental experience with you can be the most effective recruiters (and retainers) in the world.
Have you tried it? Experiment, and see what the results are. How people are treated when they leave an employer might be an excellent indicator of the state of the morale of those who remain. What do you think?
E. James (Jim) Brennan is Senior Associate of ERI Economic Research Institute, the premier publisher of interactive pay and living-cost surveys. Semi-retired after over 40 years in HR corporate and consulting roles throughout the U.S. and Canada, he’s pretty much been there done that (articles, books, speeches, seminars, radio/TV, advisory posts, in-trial expert witness stuff, etc.) and will express his opinion on almost anything.
Image courtesy of antisoccermom.com
Now, why does this remind me of that SNL skit with Dana Carvey and Helen Hunt as flight attendants where they say 'buh-bye' as passengers leave the airplane?
Posted by: Laura Schroeder | 05/02/2011 at 06:27 AM
Never saw that one, so I hope it denoted a positive experience. Rarely saw anyone reluctant to leave an airplane.
Posted by: E. James (Jim) Brennan | 05/02/2011 at 09:50 AM
Excellent. Too often companies mindlessly pursue a retention policy that resembles that of a roach motel: they can check in, but they can never check out.
A really enlightened company actually cares about the well-being of its employees. Many claim to be so, but the proof of the pudding is the reaction if and when their lives and careers take them beyond what the company can offer.
At that point, the company should behave like a university, replete with alumni, job placement centers, reunions, and a host of activities and ceremonies appropriate to someone who chose to spend time there.
Instead, too many choose to view it as an act of treachery, of someone who used to see the light but has spurned it. Or, at the least, someone who has simply left the fold.
You are right to say, " How people are treated when they leave an employer might be an excellent indicator of the state of the morale of those who remain."
Posted by: Charles H. Green | 05/03/2011 at 04:53 AM
A pleasant open campus is more inviting than a closely guarded prison.
Posted by: E. James (Jim) Brennan | 05/03/2011 at 09:48 AM
Not a bad idea! Thanks.
Posted by: Ross | 05/03/2011 at 02:54 PM