Friday, 8 August 2008

Jenny does Business: Replacing Valuable Staff

Jenny runs a small business with five fulltime employees. Her most senior and seemingly happy, staff member Larry, has just been poached by your largest competitor, conveniently located across the street. Jenny’s four remaining staff members have various levels of ability with the newest recruit Danny showing the most promise within the business. She starts to panic because the likelihood of having someone trained to the same standard as Larry by the time he leaves, seems impossible.

Here are some questions Jenny needs to ask herself:

1. Do I have the talent available in-house to replace Larry?
If so, what training needs to be completed before Larry leaves?
If no, how am I going to go about employing a suitable candidate?
2. What happens if this situation arises again?
3. Do I have a suitable training plan in place to avoid a skill gap?

Jenny has a problem that needs to be resolved quickly. She is not on her own though, these are the problems faced by small businesses on a day to day basis.

Deloitte Touche Tohmatsu’s study, Aligned at the Top: Technology, Media & Telelecommunications Sector, shows that retaining critical talent is ranked the most important when dealing with the scope of management. Deloitte’s study also suggests that companies are most likely to find their most valuable employees from developing and training existing ones.

As seen with the scenario above and the views of the polled companies in the study, skill gaps in training and recruitment are the greatest challenges faced.

So what is Jenny to do?
Jenny decides that, in this situation, she is going to recruit someone new to replace Larry but is determined to not be placed in the same position again.
Jenny wants to make sure that all her existing and newly recruited staff members are adequately trained for

Jenny now just needs to find her new staff member and have a training plan in place to make sure this doesn’t happen again.
Stay tuned to see how she gets on……