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230: Staff On Board Or Over Board?

230: Staff On Board Or Over Board?

FromThe Leadership Japan Series


230: Staff On Board Or Over Board?

FromThe Leadership Japan Series

ratings:
Length:
12 minutes
Released:
Nov 22, 2017
Format:
Podcast episode

Description

Staff On-Board or Over Board?   Recruit and retain must be the mantra for all of us in Japan. If you have been following me, you will know I have been talking about the coming demographic crunch of not enough young people to go around, for the last two years. A number of years ago we had 40% plus of the new recruits fleeing their companies, after getting trained. They were heading off to greener pastures, which they no doubt discovered were not all that green after all. The current number is in the low 30 percentile area and the bad news is it will start to rise again.   We have all seen the news broadcasts of truckloads of the young all wearing exactly the same outfits, sitting diligently in their rows at the major firms recruiting intake in April, at the start of the new financial year. This will continue of course, but the mid-career hiring of the young will become the new black for HR people in Japan.   As the young discover they are in demand and are being scouted, they will start leaving the firms that have already invested in them, in much bigger numbers. The recruiters will be spending much of their time poaching them, even though the fees are not large, because the volume will get them interested. They will be recycling them every couple of years, because that will become the trend in the free agent era of work in Japan. Get them early and keep moving them around, clipping the fee ticket every two to three years. So the “retain” component of company strategy is critical. Well when should we start the retain strategy and who do we apply it to?   Some ancient grey beards believe that losing thirty percent plus of your young is a good thing, because it filters out the losers and troublemakers. It is a type of “generational cleansing” exercise in their minds. That may have been the case in the past perhaps, but today the replacements are not there in numbers anymore.   The retain part of a companies activities must begin from the moment they agree to come on board. Buyer’s remorse is a well known concept in the world of sales, as we come to doubt our own judgment, when we make a big purchase decision. Changing jobs is a major decision too and the prospective candidate can have doubts after agreeing to come onboard. We have to keep in touch with them and keep reassuring them that they have made the best decision.   We can also anticipate that the ferocity of the incumbent employer’s counterattack will go up many more notches, as they realize replacing people is a lot harder than offering them more money to stay. Hint to employers – give your people more money, so they won’t leave, rather than offering it after they tell you they are leaving. The time and productivity lost from the departed, the internal friction their leaving creates and the burden of finding and then on-boarding their replacement are all expensive items.   So the mid-career hire finally arrives. That is right singular, not plural, because they will not come in droves, but instead one at a time. In larger firms, the HR function are there to on-board them and arrange the paperwork, training etc. Is what they are currently doing up to scratch? Probably they have been doing the same thing for many years, so the process is mostly on auto-pilot. But what is the quality of what they are doing? Has anyone done a recent audit of how the new folk are being brought into the warm bosom of the company? Has anyone asked those recently onboarded how they felt about the process? If we are aware we are already in the war for retaining talent, we should take a long, cold hard look at what we are doing getting them on-board.   For smaller firms, there may be no process for mid-career hires, beyond the most rudimentary. We make sure they will get paid, insured, given a desk, phone etc. This is not enough. Small company bosses are very busy and may not be allocating much time for the new recruits. This is an expensive, pseudo time saving energy allocation. The boss has to be
Released:
Nov 22, 2017
Format:
Podcast episode

Titles in the series (100)

Leading in Japan is distinct and different from other countries. The language, culture and size of the economy make sure of that. We can learn by trial and error or we can draw on real world practical experience and save ourselves a lot of friction, wear and tear. This podcasts offers hundreds of episodes packed with value, insights and perspectives on leading here. The only other podcast on Japan which can match the depth and breadth of this Leadership Japan Series podcast is the Japan's Top Business interviews podcast.