Retaining Top Talent | The Craig and Greg Show | Episode 127

Over the past several years Craig and Greg have given you innumerable advice and tips on how to grow and develop your team. If you’ve been diligently working at mentoring chances are you’ve got a handful of superstars on your team. So now the question becomes: how do you get them to stay? In today’s episode the guys give you strategies to entice your high performers to remain on the team. If you’d like help getting better in this or any other area of leadership, Maximize would love to help you! Head over to https://maximizeleadership.com and fill out the form at the bottom of the coaching page for more information on how a leadership coach can explode your growth. Craig and Greg have written a book together! Get your copy of Business By The Book Vol 1 now at https://bit.ly/4rDSD2Q In addition to leadership coaching, Greg is also a highly-sought M&A consultant. Before you sell your business or purchase a new business, visit our website to find out how Greg’s expertise can help you. You can also read more about his thoughts in this area in his book, The Business Baton https://amzn.to/4g8wSk9 Craig is a pastor, author, podcaster, and blogger. Head over to https://craigtowens.com to find all of his content. Show Notes: [0:00] Introduction [0:22] Here is our favorite collaboration project! [1:45] As your teammates develop and mature, how do you keep your best talent from leaving your organization? [3:16] It’s more profitable to keep your in-house talent than to hunt for new talent. [4:20] Existing teammates know your culture better than new hires would. [5:43] The best employees have other metrics which motivate them. You need to discover what those are. [6:32] Including your top talent in your succession planning is a huge motivator for the longevity of their tenure. [10:12] Micromanagement discourages top talent from sticking around. [11:15] Here’s an idea of how to develop an organic plan for your next generation leaders. [12:51] Leaders need to do more than focus on the bottom line if they want to see emerging leaders develop. [15:18] If leaders are lifelong learners, mentoring the leaders around them to go to the next level will become quite natural. [18:37] Let your top talent begin writing their own job descriptions. [21:32] Show that you believe in your teammates by giving them bigger opportunities. [24:24] A business coach can help you spot opportunities for leadership development that you may be missing.