Keeping Your Talented People in The Outsourced Economy

Whether we like it or not, outsourcing is here to stay.  And whether you believe in it or not, your company is most likely to hire workers residing in foreign countries for cheaper labor.  However, that does not mean you have to conduct massive layoffs in your main office without considering which people to keep and which people you have to let go. 

You need to keep the people who are nimble, adaptable, and prepared to participate in your organization in this new level of competitiveness.  At the same time, your best people may also be preparing to become free agents themselves, and you need to decide quickly on how to keep them within your company.

Your relationship with your employees has to change

You used to ask your workers if they could do what you needed to get done, and they always expect to be told what to do.  But in an outsourced environment, you need to create a working environment where your best workers want to work with you, not for you. 

This new economy needs employees who are capable, committed partners, who share your business objectives and have a stake in helping the company remain as competitive.

Consider your employees as assets

In order to attract workers into staying in your company; you need to treat your people as assets rather than expenses.  This requires you to create and maintain a culture of interdependence, wherein employees feel valued and return value in equal measure. 

In order to build that culture, you need to know what kind of employee assets you have on your workplace and optimize from there.  Also, you need to determine what human assets your organization most likely needs, and have a plan to acquire them.

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