There is not a successful company in the world that hasn’t faced its share of hard times. Whether it be a mass withdrawal of leadership, a shift in the company’s goals and objectives, or even a lack of resources and funding, there will be times when employees will find themselves extremely overwhelmed, confused, and on edge, especially right now.
According to a recent study completed by Gallup, most disengaged employees can cost companies up to astonishing $550 billion a year in loss of productivity, not to mention the hiring and onboarding costs to replace them. This can be troublesome for some companies, especially those who might possibly be facing the repercussions of a possible economic recession looming just around the corner.
For those reasons, our guests on today’s episode of the Powderkeg Podcast believes that there is no higher calling than instilling value and supporting talent in times of difficulty. Our first guest is Dave Hickman, Managing Principal of Professional Search for CliftonLarsonAllen (CLA). After 20 years as an entrepreneur with fast growth domestic and international companies, Dave joined CLA. He believes that a “we before me” mindset is foundational for teams to best serve clients, solve their problems, and improve outcomes that help them achieve their dreams.
Joining Dave is Sarah Conroy, HRCO Consultant CLA Washington, DC (Greenbelt). Sarah has more than 30 years of HR experience in human resources, both directly and consulting companies across the country. She’s got a ton of experience working with tech companies and scaled the team at a geospatial tech company in Maine. She’s in the trenches right now with HR leaders across the country, doing the work as well as consulting.
In this episode, Dave and Sarah will share strategies on being transparent with your team, advice on instilling value in talent and to continue building engagement and confidence. Along with the best ways to build a pipeline of talent, rethink and prepare retention strategies during an economic downturn. Tune in for more!
In this episode with Dave Hickman and Sarah Conroy, you’ll learn:
- The best ways companies can think about building a pipeline of talent
- How to rethink and prepare retention strategies during an economic downturn
- Trends that companies can capitalize on during isolation and remote work
- Ways the current environment can be advantageous for business
- Thoughts on a future surge of job seekers looking for remote work
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Please enjoy this conversation with Dave Hickman and Sarah Conroy!
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Dave Hickman and Sarah Conroy quotes from this episode of Igniting Startups:
“We encourage companies to make sure that employees are safe and comfortable and you know, that they’re sharing what they need to share with their employees.” — @SarahConroyDC on @PowderkegCo
“First and foremost, when engaging with a new client, it’s really spent trying to understand. Do you like your culture? Are you trying to preserve that as you scale up? Or are you trying to shift your culture? Understanding that and how to either preserve or evolve it is important.” — @SarahConroyDC on @PowderkegCo
“So it truly is an opportunity, if done properly and done with respect and done with a kind of a family or team approach that you have the opportunity to retain, as well as bring those people back from a boomerang standpoint, when the economy starts to kick back in.” — @DaveHickman7 on @PowderkegCo
“All of this can be really about caring about your people. And if you care about your people, and you respect who they are and what they’ve been the value that they bring organization, into their families and really understanding that it really takes a lot of communication.” — @DaveHickman7 on @PowderkegCo
Links and resources mentioned in this episode:
Companies and organizations:
- Dave Hickman (@DaveHickman7)
- Sarah Conroy (@SarahConroyDC)
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