Success of retaining quality people is again
becoming a critical question as we are slowly
coming out recession.
The perennial problem of management will be
coming back again-retaining quality people.
David Russo, who was Head of HR for the famous
SAS Institute for over 17 years, is frequently
quoted saying: “Every night at 6 o’clock, all
our assets walk out the door…We just hope they
come back at nine the next morning.."
Mr. Narayan Murthy, the Mentor of Infosys
believed in the same mantras.
I was going through the blog of Apolinaras Sinkevicius.
I found he has categorically mentioned
that these common factors are visible in the
successful firms which can retain their
•Open-book management says to employees: “we did a good job hiring you, we know you will understand things, and if you don’t, you will ask good questions.”
•Dignity. From the office cleaner to the CEO – everyone should
be treated like the CEO of their job.
•Trust shows people that the company understands honest mistakes are made.
They would rather have you do your best and try, rather than
“stay under the radar” and exert the least amount of effort to
not attract attention.
•Great leadership greatly reduces the need for management.
Leadership inspires people and inspiration is important to loyalty.
•An occasional office party does not create belonging. People must
feel they are part of the team, that they matter, and that company
knows they are not just a line item in the budget.
If you work for a great company that gets it, please share the
ingredients of their “recipe” in the comments section.