10 tips to retain the best human talent

There is great competition among companies to incorporate the most qualified professionals into their ranks.

To a large extent, the success of a company is determined by its human capital. In this sense, it is essential for organizations to place special emphasis on attracting and retaining the best human talent. However, there are not a few companies that lose sight of this fact and end up seeing their best collaborators leave.

If an organization wants to avoid the flight of its best workers, it must consider the following aspects:

Strengthen the corporate culture

The reason companies like Google are so attractive to young professionals is that they have an attractive company culture. The values ​​of an organization are increasingly appreciated and can become the reason why a professional decides to be part of an institution.

Build loyalty to collaborators

Many successful HRM companies share the philosophy that the employee is actually an internal customer. Therefore, it is important to retain it through training, remuneration, good treatment, etc.

Generate career plans

Giving employees the opportunity to continue growing professionally in the company is very important to prevent them from deciding to migrate to the competition. It is worth mentioning that stagnation is one of the reasons why many people decide to change jobs.

Recognize the achievements of collaborators

An organization should not fail to recognize the achievements of its workers, whether through monetary compensation, recognition programs, awards, etc.

Build a good work environment

The work environment is a determining factor in achieving maximum worker satisfaction and performance.

Incentivize leadership

Taking on leadership roles can help some people feel like an important part of the company. In addition, it is a way to train leaders who in the future could take executive positions in the business.

Create new challenges

Today’s professional is drawn to challenges. Therefore, it is necessary to keep employees motivated by creating challenges that help them develop professionally.

Use feedback

Constructive criticism contributes to the development and evolution of a person’s abilities.

Generate good communication

Maintaining good communication between the leaders of a company and its collaborators is very important not only to ensure good performance, but to generate trust and commitment.

Make each employee feel important

No employee should feel that their work is superfluous in the company or that it is less important.

The reason for the shortage of raw materials and its impact on the industrial sector

The high demand for equipment and installation materials, as a result of the return to normality after the pandemic, has left an uncertain outlook for manufacturers and suppliers in the sector, as the supply begins to decline, prices increase, and all as a result of the shortage of raw materials. A shortage of raw materials, semiconductors, electronic components, etc., which affects the entire value chain, from manufacturers to distribution, installers, as well as developers, maintenance and reform companies, etc.

The lack of electronic components, copper, steel, plastics, etc. It has already caused the partial stoppage of production of several automobile manufacturers, and is beginning to put stress on other auxiliary industries or manufacturers of original machinery -OEM-, by not having all the necessary elements to manufacture.

And the forecasts are not very positive, transferring the tension of the entire supply chain until the year 2022. A problem on a global scale that is already one of the great concerns of the sector. According to data from the Spanish Association of Cable, Electrical Conduit and Fiber Optic Manufacturers, FACEL, the price of PVC has already increased by 20%, copper by 18.5% and aluminum by 15.4%, in the first quarter of 2021.

The origin of all the problem is in the US and its economic incentive policies, and China, where the Asian giant already foresees a 7.5% growth of its economy, being also the largest consumer of raw materials, chips and semiconductors in the world. world. The large stockpiling that they have made of these components has generated shortages in the rest of the countries, and prices have risen since mid-2020. Fortunately, the Chinese government has recently decided to release its strategic reserves of copper, aluminum and zinc to deflate prices to world level. Although the collapse of seaports in Asia is also problematic, where delays in container shipments accumulate, and growing demand has tripled the cost compared to 2020.

The emergence of green technologies, such as the electric vehicle and its infrastructure, also has its influence. The demand forecasts for this green mobility will increase from 2 to 8 million in 2025. The impulse towards this electric mobility and the growing production of these vehicles, also stresses the availability of chips and metals such as copper, silver, platinum, which are vital raw materials for these sustainable vehicles.

Demand for semiconductors and chips will not stop growing

To all this is added teleworking, and the digitization of everything that surrounds us. This new trend as a result of the pandemic has catapulted the demand for consumer electronics, computers and all kinds of devices that facilitate work from home.

What started as a momentary mismatch between supply and demand has turned into a perfect storm, where demand is unstoppable, growing, the forecast was wrong, in contrast to a highly concentrated chip and semiconductor manufacturing industry (83% of the world production is concentrated in Taiwan and South Korea), as is that of metals. There are those who claim that chips have become as scarce and coveted as gold, unable to keep up with demand.

The demand for chips will not stop growing in the present and in the future. The reason? More and more products incorporate a chip. And with the arrival of 5G and the connectivity imposed by digitization, it will be a structural trend. Thermostats, light bulbs, cars, bicycles, refrigerators, etc … everything that surrounds us is / will be backed by an integrated circuit.

What is micromanagement and why is it dangerous for the company

In order to explain what micromanagement is, it is best to visualize a person with a dominant profile and difficulties in delegating, excessively focused on details, without perspective and strategic vision. In many cases, the micromanager is an overly meticulous and directive professional.

The micromanager likes that everything is done according to his considerations, he does not trust the work of his subordinates, and he needs to control at all times what they are doing and how they will manage pending tasks.

Why is micromanagement dangerous?

Micromanagement is dangerous because it creates insecurities and fears among team members. The micromanager does not let the professionals in his charge develop their work capacity. It creates stress in subordinates and limits their creativity.

This excess of zeal in controlling the team’s work has the consequence that workers reduce their performance and, therefore, their productivity. At the same time, the manager’s work is also affected, since he spends more time controlling the work of others, than carrying out his pending tasks.

Ejemples of micromanagement

Micromanagement is characterized by constant dissatisfaction. Bosses who have this profile are never satisfied with the results. They want tasks to be done in their own way, and they want to know at all times where their team members are and what tasks they are doing.

A micromanager asks for constant reports on the status of projects, and can demand that they be copied to him in all emails from his workers, even those dealing with matters of minor relevance.

How to avoid micromanagement

A worker who has to confront a boss of this profile cannot disobey her orders, but he can reduce the level of control with some simple and effective practices, such as the following:

Anticipation and proactivity

When the employee anticipates the orders of his superior, offering detailed reports, he gives him room to avoid control situations while gaining his trust. Sometimes it is as simple as sending an email, commenting on the status of the tasks and those that are pending. Proactive explanation avoids further questioning, but always keep in mind that it must be offered before it is requested.

Offer alternatives

Offering alternatives, such as the ability to do unsupervised work for later review, is another way to anticipate requests from the micromanager. It must be done in an assertive way, so that the superior does not think that the worker is telling him how the work has to be done.

Ask at the slightest doubt

Asking how to do things will always be easier than doing the work again because the superior considers that it is not done as he wanted, which will inevitably entail a later correction.

One of the most effective measures to regain productivity, in a team led by an overly controlling professional, is to make him see what micromanagement is and how it affects the performance and productivity of the team.