Midsize companies can leverage their size and uncertainty to retain talent by creating opportunities for growth, building stronger leadership, and featuring their values when making difficult choices, ultimately coming out stronger when the headwinds become tailwinds.
In times of economic uncertainty, talent retention is crucial for midsize companies, which face a higher risk of losing key talent compared to larger companies. However, midsize companies have hidden advantages, such as broader roles that allow employees to gain a wider range of knowledge about the organization. During tough times, midsize companies can empower high-potential talent by creating opportunities for them to try new roles or projects. They can also build stronger leadership by pivoting toward emerging opportunities and threats and involving future leaders in growth priorities. Midsize companies can feature their values when making hard trade-offs, showing employees how committed they are to their company’s values when making difficult choices. By leveraging their size and the uncertainty, midsize companies can navigate both and come out stronger when the headwinds become tailwinds.
The Government Accountability Office (GAO) report reveals that the Department of Veterans Affairs (VA) has hired a significant number of...