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Further
Reading ...
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A Billionaires Guide To Getting Rich - John Colanzi
A Billionaires Guide To Getting Rich by John Colanzi The sage Zenrin once said "If you wish to know the road up the mountain, ask the person who goes back and forth on it." Sound advice, but are you following it? If you're like most people,...
Are You Hitting Your Target? - Chris S
Interesting question huh? I'm not talking about hitting target sales, hitting your target budget, or hitting your target margin. I'm talking about hitting your target market. If you can find your target market and hit them dead on then the sales...
List Building Through Cooperative Partnerships.... - Patrick Curl
This is a little tip I got from Alex Sampson, a true marketing master. Fact#1: The ownership of an optin list of subscribers is the #1 thing you can do to promote your product or services, you cannot succeed online without one, so don't even...
Why Google So Behaved..! - Partha Bhattacharya
The month-old brouhaha over Google's 'changed algorithm', the 'Florida Update', hasn't yet ebbed. With the dawn of new year, the spectre of many 'renowned' websites loosing business looms large. Indeed, for many, Google was the lifeline. And now...
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Ideas For Employee Retention
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Written By:
Eileen McDargh, CSP, CPAE
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A recent survey of 350 human resource managers shows that employee turnover is becoming one of the most critical workplace issues. Sixty percent say that skilled-person power is “scarce”. Forty six percent say that worker retention is a “very serious” issue and another 28 percent believe it to be “serious”.
Companies that take the problem seriously and implement programs to ensure employee satisfaction have the highest retention rates. “Show me the money” is not the singular solution. While bonuses, stock-options, and flextime are appreciated, what employees really want is some assurance of continued employability. Here are the most popular worker retention strategies:
78% conferences and seminars
67% tuition reimbursement
67% managerial training
58% pay for performance
57% flextime
57% interpersonal skills training
55% technical training
Five of the top seven areas are all related to learning. Today’s workforce recognizes the value of continual personal improvement as a way to assure steady employability. Yet many companies still find it easier to throw pay increases at the problem rather than take a long term view.
A recent study of 4000 professional and clerical workers found that job satisfaction keeps more workers than pay levels alone. The survey found that only 6% of people who were satisfied with their jobs but unhappy with their pay plan to quit. The percentage jumps to 27% when they were dissatisfied with their jobs - continued below ...
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continued ...
but happy with their pay! If they were unhappy with both their pay and job situation, the percentage of those ready to bail jumped to 41%!
The challenge: what makes for satisfaction? The answer: opportunity for career development through education, meaningful work and appreciation, 360 degrees of communiation, consistent performance expectations and consistent accountability, and work/life balance.
Pay is easier and quicker. Creating a culture for satisfaction takes time, prompts internal analysis, and leaves long-term positive results on the bottom line. Don’t tie pay increases to only rank and power. Work at getting away from the notion that you have to move up to make more. Remember that front line people hold customers in their hands. Shouldn’t they be among the most well-trained and well-paid people on your staff? Reward people for what they know and do, not how long they’ve been on the job or how many people they supervise.
© 2000 by Eileen McDargh. All rights reserved. Reprints must include byline, contact information and copyright.
About the Author
Eileen McDargh, CSP, CPAE, is an international speaker, author and seminar leader. Her book ‘Work for A Living and Still Be Free to Live’ is also the title of one of her most popular and upbeat programs on Work/Life Balance. For more information on Eileen and her presentations, please call 949-496-8640 or visit her web site at http://www.eileenmcdargh.com.
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| _Additional Resources ... |
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Issue Management Methodology for Tracking Project Issues - Grant Murray
1. What is an Issue? An issue is an incident, circumstance, problem or inquiry that affects or potentially affects the timely delivery of the project, product or service, it may also impact the quality of deliverables and the cost of production. ...
Now More Than Ever...You Need To Optimize Your Site for Search Engines - Diane Hughes
As the economy begins to recover in certain parts of the world, more and more online marketers are looking for affordable ways to drive qualified traffic to their sites. That’s why, now more than ever, you need to optimize your site for the search...
Get Approved: Mortgage Application Tips - Syd Johnson
Take time to complete the application Get a comfortable table or desk and spend the time to fill out your mortgage application neatly and correctly. This is not the time to be multitasking. If you are given a paper application at the bank or credit...
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