For healthcare leaders, attracting and retaining the industry’s best talent is almost always top of mind. Most recently, according to the Chief Executive’s Mid-Year CEO Briefing, “Nearly two-thirds of the hundreds of business chiefs participating in our survey said they will continue prioritizing employee retention and engagement in the months ahead—that is up four percentage points since we asked them about their priorities for the year back in January.”
What is Causing the Extra Attention and Priority on Talent?
The Pandemic Ripple
Ever since the COVID-19 pandemic, employee expectations changed at a rapid rate, creating a challenge for organizational leadership. Top talent requires a large voice in how, when, and where they work. Additionally, expectations for work life balance and well being initiatives have become more than just “nice to have” but a must in the workplace. Finally, as a result of the pandemic, purpose and meaning has come to the forefront and is essential for top talent therefore being mission focused has never been more important.
Up-leveled Skills
With AI technology and tools such as co-pilot, organizations need to attract and retain talent with skills that are ready to take on new technologies as well as the skills to take organizations into the future. Soft skills such as adaptability, creativity, problem solving, empathy, and strong communication skills as well as hard skills such as data analysis, cybersecurity, project management, and digital literacy.
Employers that failed to prioritize culture are caught in a game of catch-up which is putting a big strain on the business units and businesses that have prioritized culture have reaped the benefits of having an engaged culture and are proving to be employers of choice in a tough job market.
For the last 20 years, Signature Performance has focused on building an associate culture unlike anything the industry has ever seen - winning industry awards, building high-performance teams, achieving unparalleled retention stats, and doubling down on the talent experience. When your talent experience is prioritized, you can count on your clients feeling the difference.
How to Develop and Nurture the Best Talent?
Attracting and retaining the best talent is not enough. It’s important to develop and nurture talent to ensure that they are ready for the future challenges and opportunities. Some best practices for talent development include:
Creating a culture that prioritizes coaching as a habit in order to empower and equip team members to rise to their very best levels of performance at work.
Identifying and developing the critical skills and capabilities that are aligned with the business strategy and goals.
Providing continuous learning and development opportunities, as well as consistent feedback and support.
Encouraging innovation and experimentation, as well as company-wide collaboration and knowledge sharing.
Empowering and enabling the talent in your organization to make decisions and take ownership of their work.
Creating a company-wide culture of trust and psychological safety, as well as resilience and adaptability.
About Signature Performance
The talent in your organization is your competitive advantage. While technology, processes, and innovation is important, your talent and the subject matter expertise they bring to your organization is impossible to recreate. TalentXM is your partner that helps your talent reach their fullest potential resulting in higher performance, talent optimization, and overall satisfaction.
Building talent comes in a variety of levels - self-leadership, team dynamics, manager effectiveness, and next generation leadership readiness. Signature’s solution, TalentXM, addresses each of these levels in entry points that make sense for each client's needs and goals. Each solution is built by credentialed, certified, and talent experience subject matter experts with over 30 years of experience with a track record of being an eight times Best Places to Work award-winning organization. Contact us today, to meet with one of Signature’s experience experts.
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