Pssssssssss – the dreaded sound of air leaking out of my tire. Nothing can ruin the best planned bike ride as a slow leak in my tire. I pump it up, it looks good but a few miles later I am slowing down. Stuck on the side of the road and the precious air that I work so hard to pump in is escaping.
Leaders face the same issue when building a diverse workforce. You work hard to expand your recruiting pool. Your organization weeds out selection practices that unfairly penalize diverse candidates. You hire an increasingly diverse team but you notice over time that you lose more of your diverse employees. All that work leaking away like air out of a tire! Now what?
Josh Bersin, principal, Deloitte Consulting LLP, encourages leaders to focus on providing training and support for all your people to make your organization irresistible , one that people won’t want to leave. Bersin cites research that reinforces the importance of development activities and opportunities for growth as a key determinant of retention, particularly for new hires. A starting point is formal training that leads to competence and success in their current role. Your willingness to provide the time and support of training demonstrates your commitment to your new employees. As important are the more informal development opportunities you provide through:
- Developmental and stretch assignments
- On-the-job training
- Lateral assignments
Focusing on professional development and formal and informal growth opportunities will patch the leaks in your organization and help you keep the people you have worked so hard to recruit and hire.