{"id":26097,"date":"2022-11-16T08:00:53","date_gmt":"2022-11-16T16:00:53","guid":{"rendered":"https:\/\/www.intoo.com\/us\/?p=26097"},"modified":"2023-11-30T11:13:19","modified_gmt":"2023-11-30T19:13:19","slug":"talent-hoarding-why-is-it-dangerous","status":"publish","type":"post","link":"https:\/\/www.intoo.com\/us\/blog\/talent-hoarding-why-is-it-dangerous\/","title":{"rendered":"Talent Hoarding: Why Is It Dangerous and How Can You Prevent It?"},"content":{"rendered":"

A high-performing employee is obviously a desirable thing\u2014not only for a manager, but also for a team and company. But when a manager holds on a little too tightly and prevents an <\/span>employee from growing with the organization<\/span><\/a>\u2014otherwise known as talent hoarding\u2014there can be negative consequences for all.\u00a0<\/span><\/p>\n

Below we describe the potential effects of talent hoarding, and how you can prevent it.<\/span><\/p>\n

What Is Talent Hoarding?<\/span><\/h2>\n

Talent hoarding happens when a manager keeps a top employee on their team to the detriment of the employee or the company by limiting that employee\u2019s opportunities and\/or growth.<\/span><\/p>\n

Why Is Talent Hoarding Dangerous?<\/span><\/h2>\n

Talent hoarding presents individual and organizational risks alike.\u00a0<\/span><\/p>\n

Risks to managers<\/span><\/h3>\n

An effective manager is one who not only gets good results from their direct reports, but who also <\/span>mentors<\/span><\/a> them and sets them up for success in their next roles with the company and beyond. When a high performing employee remains in a position too long, it could imply that the manager has not properly coached the employee. After all, if an employee is in a position for a long time and desires growth but is not promoted, what is the manager doing to help them improve their performance?<\/span><\/p>\n

An additional risk to the manager is created as a result of talent hoarding when a top employee decides to leave the company altogether due to lack of opportunity. In a situation like this, often the manager will be unprepared to fill the role.\u00a0<\/span><\/p>\n

\"ARisks to employees<\/span><\/h3>\n

Often it\u2019s assumed that when an employee has developed a high level of competence in a role, and sustained it for a certain length of time, the employee will then be promoted into a more senior position with more responsibility. As mentioned above, without an opportunity to grow either vertically or <\/span>laterally within the organization<\/span><\/a>, an employee may seek such opportunities elsewhere. This can impact not only the employee being hoarded, but also ones who would like to move into that employee\u2019s position.<\/span><\/p>\n

Hoarded talent may also have less experience than their peers because they were not given the chance to <\/span>upskill, reskill, or to train<\/span><\/a> with other teams. And without gaining new skills and knowledge, along with the sense of accomplishment that results from doing so, an employee\u2019s performance may wane. After all, workers need to feel a sense of confidence in their work and abilities, and without that, they can feel discouraged, disconnected from the company\u2019s purpose, and disengaged from their job.\u00a0<\/span><\/p>\n

Risks to your organization<\/span><\/h3>\n

While it\u2019s a problem if a single manager hoards talent, if it\u2019s a problem across your workforce, the negative consequences multiply. Engagement and productivity can dip and remain low in all areas of the organization. You may experience widespread retention issues, along with difficulty luring top talent to those openings when company reviews on sites such as Glassdoor show little opportunity for growth, damaging your <\/span>employer brand<\/span><\/a>.<\/span><\/p>\n

There are also risks to the growth of your company. After all, talent hoarding leads to those employees\u2019 skills and ideas being hoarded as well. As a result, other areas of your business won\u2019t benefit from their knowledge and experience. Without space for new talent to join the organization, your business could suffer from a lack of new ideas and diversity of thought. And without expanding and diversifying your existing talent\u2019s skill sets, your company could be at risk should employees leave or if a reduction in force is necessary.\u00a0<\/span><\/p>\n

How Can HR Prevent or Stop Talent Hoarding?<\/span><\/h2>\n

Make internal job openings transparent<\/span><\/h3>\n

Facilitate <\/span>internal mobility<\/span> by making roles open first to employees, making it clear what the requirements are, and encouraging employees to develop the skills needed to get the roles. When there is transparency around opportunities within the organization, and internal hiring is encouraged, it\u2019s more difficult for managers to hoard talent. It also helps to provide a strong pool of talent to draw from when a role is vacated because top talent is promoted or moves into another area of the company.<\/span><\/p>\n

Support your managers and reward them<\/span><\/h3>\n

One reason why managers may keep top talent from moving on is that they are worried that their team will suffer without that employee. In addition to facilitating and supporting internal mobility in your organization, you can encourage inter- and intra-departmental training. You can also support your managers by giving them the resources and time they need to cross-train employees.\u00a0<\/span><\/p>\n

Managers who facilitate their team members\u2019 success by <\/span>helping them develop their careers<\/span><\/a> should be rewarded and recognized for boosting the company\u2019s skill set and engagement.<\/span><\/p>\n

\"ACrosstrain employees<\/span><\/h3>\n

It can be helpful to both managers and employees to encourage working on interdepartmental projects and cross-training with other departments. Managers benefit from additional skills from employees from other departments, and employees can learn from each other and from other managers. Depending on the size of your organization, you may be able to list project work on your internal job board so that those interested can apply to participate.<\/span><\/p>\n

Upskill employees<\/span><\/h3>\n

Offer <\/span>career development<\/span><\/a> courses and workshops\u2014either in person or online\u2014in a variety of subjects so that employees have the opportunity to level up their existing skills or gain new ones. When you increase the diversity of skills within your organization, managers will have more talent to draw from, reducing their need to hoard talent. Your workforce will be more agile and engaged, and will have more incentive to stay with the company and grow their careers with you.<\/span><\/p>\n

Offer career coaching to employees and managers<\/span><\/h3>\n

Career coaching can benefit employees<\/a> in <\/span>a number of ways<\/span>. In addition to helping them assess skills and opportunity areas, they can help with setting and creating a strategy for attaining goals. Offering <\/span>career development<\/span> from external coaches can also help when a manager doesn\u2019t know how to mentor employees.\u00a0\u00a0\u00a0<\/span><\/p>\n

Career coaching can also benefit managers by offering guidance on how to provide feedback, build and manage relationships, how to mentor, and more.\u00a0<\/span><\/p>\n

Summary<\/span><\/h2>\n

Using INTOO\u2019s guide on talent hoarding above, you can help <\/span>create career activists<\/span><\/a> among your employees and managers and foster a culture of growth and development. Such a workplace environment will help attract and retain top talent, increase engagement and productivity, and improve performance. <\/span>INTOO’s coaches help employees in every stage of their career develop strategies to meet their goals, while employers reap the benefits of increased engagement, productivity, and retention. <\/span>Learn more<\/strong><\/span><\/a> about how our career development programs can benefit your company.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A high-performing employee is obviously a desirable thing\u2014not only for a manager, but also for a team and company. But when a manager holds on a little too tightly and prevents an employee from growing with the organization\u2014otherwise known as talent hoarding\u2014there can be negative consequences for all.\u00a0 Below we describe the potential effects of […]<\/p>\n","protected":false},"author":6,"featured_media":26102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[264],"tags":[149,215,217,164,321,266],"class_list":["post-26097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-development","tag-career-coaching","tag-career-mobility","tag-internal-mobility","tag-retention","tag-talent-hoarding","tag-talent-mobility"],"yoast_head":"\nTalent Hoarding: Why Is It Dangerous & How Can You Prevent It?<\/title>\n<meta name=\"description\" content=\"Talent hoarding, which happens when a manager holds onto a top employee, can be dangerous for the employee and your organization. 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