These slides are from the session "Succession Planning in Libraries", hosted by the Social Science Division, Military Libraries Division, and Government Information Divisions at the Special Libraries Association (SLA) meeting in Washington DC in June 2009.
Retention: HR strategy for maintaining staff or reducing turnover… Talent Management: Identifying key positions and star individuals within an organization “the right people are positioned in the right places and utilized to the fullest potential for optimal success of the organization”.
Survey conducted of Fortune 1000 companies
High financial cost - direct and indirect costs The very Survival of the organization based on the talent in house Productivity losses & workflow interruptions Service quality Loss of expertise Loss of business opportunities Administrative problems Disruption of social & communication networks Job satisfaction declines for remaining organizations Image of the organization
How are employees fulfilled? What are the drivers for remaining with or departing an organization Motivating factors: lack of career opportunities; lack of authority; lack of challenge; lack of reward; lack of recognition or feedback
See Academy of Management Journal April 2008 - layoffs lead to large increase in voluntary turnover…
Survey long time employees to find out why they enjoy working at the organization; build on that
