How do you retain talent? – Daily business journal
Welcome to the C-Level Strategy Series with Jon Arnold.
In this multi-part series, Jon Arnold, President of Investment Services at J. Arnold Wealth Management, talks to business leaders in the region about the challenges businesses face every day.
On the panel are:
Guy Coviello, President and CEO of the Youngstown / Warren Regional Chamber
Barb Ewing, CEO of Youngstown Business Incubator
Bob Mesaros, President and CEO of Commercial Metal Forming
Jeff Leo Herrmann, CEO of Youngstown Publishing Company.
In this video, the first of nine, the panel discusses different strategies for retaining talent.
Creating a culture “where they want to be there, they have fun with each other”, is a strategy according to the Chamber’s Coviello.
When it comes to helping House members retain their talent, Coviello advises “putting them in situations where they don’t have the home distractions or the financial distractions.” Financial literacy, or illiteracy, should I say, is a real barrier to employee retention.
Echoing those sentiments, YBI’s Ewing says employers need to be aware of how an employee’s personal life can affect their job performance.
“We have to respect these challenges and all these questions that arise and allow people to have the space they need to deal with this while doing their jobs,” she said.
It is in the best interests of employers to do so, says Mesaros.
“A bad rental is expensive.”
As such, he says employers need to remember that young employees often arrive in the workplace with very different experiences than previous generations.
“Try to be aware of generational changes instead of imposing what I’ve been through and saying, ‘This is what you have to do’. Be aware that you have a different audience. “
Upcoming episodes will cover more topics or you can see the full discussion here.
Copyright 2021 The Business Journal, Youngstown, Ohio.