SmartPulse — our weekly nonscientific reader poll in SmartBrief on Leadership — tracks feedback from more than 190,000 business leaders. We run the poll question each week in our e-newsletter.
Last week, we asked: Do leaders in your organization “hoard” talent?
- Constantly — they never let go of their good people: 18.92%
- Sometimes — they let good people move to new roles when forced to: 46.72%
- Rarely — good talent can flow pretty easily: 30.12%
- Never — our leaders are great at rotating talent: 4.25%
Be a Net Exporter of Talent. While it’s hard to lose a high performer, holding onto them and hoarding them is bad for everyone involved – them, the organization, and you. For them, it stunts their career growth. Eventually they’ll seek greener pastures (which is bad for the organization when they depart for another company). That’s bad for you ultimately because you lose a key player and people won’t want to join your team out of fear they’ll eventually stagnate. Move your high performers on to bigger and better roles. It helps everyone grow in the process of doing so.
Mike Figliuolo is managing director of thoughtLEADERS, author of “Lead Inside the Box: How Smart Leaders Guide Their Teams to Exceptional Results” and “One Piece of Paper: The Simple Approach to Powerful, Personal Leadership.”