In a strengthening economy, the ability to retain top talent is the key to maintaining a competitive advantage. However, during times of increased business activity, the competition for star performers becomes intense. According to Express Employment Professionals’ third quarter 2018 Job Insights survey, 66% of respondents reported a “lack of available applicants” as the top reason jobs go unfilled—a 78% increase quarter over quarter.
Opportunities abound for talented, skilled workers. In many job markets, the pool of applicants with the right mix of experience and expertise is drying up, giving the most qualified candidates more freedom to be selective about where they work. And even your most loyal, star performers aren’t completely immune to the allure of jumping ship for a new opportunity with another company. So, it’s important to keep an eye out for any signs that your best and brightest are starting to wander.
Here are four signs your star employee may be about to leave.
The competition is hiring
It’s a job seekers’ market and businesses are going the extra mile to be more creative in the way they recruit—including enticing skilled workers away from other companies. It’s a natural product of a strengthening economy, so keeping a finger on the pulse of local business activity will help you stay informed about the opportunities out there that could attract your best workers.
They stop going the extra mile
Top performers take pride in their work and often strive to overdeliver on expectations. So, they likely won’t all of a sudden stop meeting deadlines or let the quality of their work start to slip, but they may put less effort in going above and beyond.
They’re more hesitant to commit to long-term projects
Seeing a project through from beginning to end is important to high achievers. If one of your most reliable employees is reluctant to commit to a new, long-term initiative, it may be a sign that they already know they won’t be around to finish it.
They stop actively trying to advance in the company
Star employees are growth-minded and always have a hand reaching for the next rung on the corporate ladder. If they start easing back on that forward momentum all of a sudden, it could be a sign they are courting offers from another company that can give their careers a bigger boost.
Being attentive to your employees and recognizing the early signs that your star performers are heading for the door gives you the opportunity to take action. In many instances, a discussion about what other companies are offering that may entice them to make a move, could help identify ways to enhance your employee retention strategy.
What are some signs you watch for that indicate whether a star performer is about to leave? What are some methods that help retain them? Let us know in the comments section below.