Losing your young stars?
April 3, 2013
It seems to be normal part of life that young managers (whether in a public accounting firm or another business) are always thinking about that next position or job. An article in Harvard Business Review reports that ¾ of young high achievers during their first jobs are sending out resumes, contacting recruiters and interviewing for jobs. They left their companies, on average, after 28 months.
They found large gaps between what young managers would like their employers to do to help them grow and what those same employers actually do. Young managers said their employers provide for their on-the-job development, but that they don’t get much in the way of formal development such as training, mentoring and coaching. This is something they really value and employers are coming up short. In addition, the authors point out that each change of employer created a measurable uptick in pay. “In fact, a job change was the biggest single determinant of a pay increase.”
The authors comment that often companies won’t train workers because they might leave and the workers leave because they don’t get training.
It might be time to take a look at the formal training you do to develop your young stars and increase your odds of keeping them.
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