Here’s what we know:-companies have lost loyalty from employees due to the quest to cut costs which has resulted in layoffs as well as hours and benefits being cut. This has resulted in employees leaving an employer for a better paying job elsewhere.-Companies engage pay freezes while paying big money to fill ‘key’ positions.-28% of Americans get no paid vacation and another 24% get a week or less paid vacation.-51% of people leave their job voluntarily because of their manager/supervisor-1 in 6 quit the first week and 1 in 3 within 3 months of starting a new job due to a lack of onboarding, support, clear guidelines in their job.-Employees in general are expected to over-work and make the company their #1 priority.All this is is very bad for organizations obviously because clearly it shows that management do not understand the workforce. I say ‘understand’ because I would rather not consider that they just don’t care.So, accepting that the above mentioned facts indicate that things are not at a good place and need to change do you feel a Succession Management System (SMS) where we grow our own leaders internally is the way to go?…what are the pros and cons of a SMS in your opinion?Would you prefer creating an understanding company identity through a mentoring program where senior people in the company advise junior people in a different area of specialization on their career development? (this creates an informal information channel to top execs to help them understand their people).Or, do you think we should promote High potentials over High Performers?(there’s a lot going here but the above questions highlight that we have a leadership problem when we have severe difficulty getting people to stay with a company and so we must figure out how to fix that).
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