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Northern Lakes Economic Alliance President’s Report January 2016

Northern Lakes Economic AllianceTalent retention is the new attraction. We all know that talent is an important part of business. Without the talent to produce the product or perform the service it really doesn’t matter how many business contracts your company has.

At a recent discussion forum of area Growth Company CEO’s, participants shared their approaches to this common challenge. As our economy creeps towards zero unemployment (3% of the unemployed are considered “un-employable”), companies are doing some exciting and creative things to retain the quality talent they have. More engagement, decision making, self-directed teams, access to company information, worklife integration and recreation “perks” are some of the ideas we’ve heard. (Surprisingly, often times it’s not just about the money.)

For full report, click here.

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