Forbes: Why Companies Lose Top Talent

Interesting article on Forbes titled "Top Ten Reasons Why Large Companies Fail To Keep Their Best Talent". As a person whose changed jobs a number of times in my career, many of these items rang true. Here are the ones I identified most closely with:

1. Bureaucracy - it a shame when corporate politics and policies get in the way of delivering the best products we can to our customers. This drives me crazy!
3. No Performance Reviews - we crave feedback on our work. We want to know if we're doing a good job and how we can do an even better job.
4. Lack of Career Development - who wouldn't want to hear that they fit into the company's future plans?
7. Tolerating Mediocrity - there's a reason why the Yankees are "The Yankees". Everyone wants to work with the best and for the best. "A rising tide lifts all boats" but when members of a team aren't accountable for pulling their weight, it can really sink morale and productivity.
9. Lack of Open-Mindedness - to serve our customers better, we need the flexibility explore new ideas and ways of doing things. Having a team of people who do exactly the same thing and think the same way leads to stagnation and the inability to innovate.

I was happy to see this article and the good news is many of these items could be easily corrected.


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