Most successful businesses recognize that employee turnover reduction and job retention are key strategic objectives toward ensuring organizational stability. In that regard Derrius Guice Jersey , high employee turnover rates can seriously affect operating performance, customer care, and profitability. In addition, there are usually considerable costs associated with replacing employees related to recruiting, training new hires, and lost business knowledge.
For the most part, businesses tend to place more attention and research on employee turnover Da'Ron Payne Jersey , rather than retention. Unfortunately, the turnover data can be misleading, especially as it applies to voluntary turnover. Meanwhile, the progressive companies shift more focus and energy toward job retention by proactively working at getting and keeping enough of the right people. That being said, here are 5 retention factors for you to consider that can make a significant difference in reducing employee turnover.
1. Trust in Management
Essentially, the primary driver for people in an organization to develop a level of trust for management is for the executives, managers Vernon Davis Jersey , and supervisors to act ethically at all times. Specifically, this means that the leaders will always do the right thing, be truthful, keep commitments, and treat people with respect. Additionally, egos need to be left at home, since people don't care how smart their leaders are Ryan Kerrigan Jersey , but rather, they want to know that their leaders care about them. People are less willing to leave an organization if they believe that the management team is trustworthy. .
2. Hire Wisely
The hiring and selection processes are critical steps in ensuring less employee turnover. By placing more time and effort at the beginning of the process, increases the likelihood of finding the right individual. In the same manner, more emphasis should be on character traits than academic credentials, skills, and knowledge. Also, if there is any doubt in the hiring process Jordan Reed Jersey , don't hire--be patient and keep searching. By being more selective, will usually increase job retention.
3. Listen to the People
The fact of the matter is, people in the workplace are more educated and will become more demanding for a genuine say to be heard. After all, they have the most influence in how things get done, since they do the job day in and day out. Leaders that take the approach of not listening to their people, especially if they have a lot to offer and contribute, can be demoralizing. Consequently Josh Norman Jersey , people will usually start thinking about leaving the company.
4. Provide Career Path Opportunities
For many employees, especially the over-achievers, they do not want to be stuck in a dead-end job with no available advancement opportunities. As a result, a job with no further opportunities on the horizon becomes boring and creates low self-esteem, ultimately forcing people to consider leaving an organization. On the other hand, business leaders that take a vested interest in their people, by taking the time to discover who they really are Alex Smith Jersey , and what they want, will clarify any questions surrounding career path opportunities. Furthermore, this will ensure that employees are engaged and they will feel appreciated as well as valued.
5. Relationship with Immediate Supervisor
Unfortunately, employees usually don't leave jobs--they leave their supervisors. For this reason, it is important that there is clarity in orientation and appraisal programs. However, traditional orientation and appraisal programs may not detect any problems between the employee and supervisor until it is too late. Therefore, it is important that there is a measuring system that does not just rely on the perception of management Trent Williams Jersey , but also will signal employee concerns about relationships with certain managers.
In summary, by focusing on the above mentioned retention factors will build a stable and low-turnover culture enabling a business to meet near term, as well as future performance expectations. Are you the cause or of consequence or the witness Business Articles | August 2, 2011 Always the top boss in corporate use the style of we have to do it whereas the middle management use the tern you and the poor doers are left with i and i have to do it.....
You or I or We win in corporate? We may think it is better to use the word ?we? as it is an all inclusive term, so one can script success very easily by using the above buzz word.? Naturally people believe that frequently use of the phrase ?we? will be very wise and such reference would always send the signal of equality and equal importance.
The question is can everyone use the word ?we? in the organization?? The phrase ?we? is patent protected and trade mark registered to the top bosses in the corporate.? If they use the word, it will have the right meaning and they alone are entitled to use such terms in the corporate.
When a boss use the term ?we-, he largely and exclusively refers to everyone except himher.? When the boss makes a statement that we must make it happens means; you all must do (except me) the above necessarily for me.?
According the dictionary of the top management in most corporate Sean Taylor Jersey , the synonym for the word ?WE? is ?YOU?.? Every employee when they listen to such references in the corporate, all they need to do is to search for a ?you? to engage the task.? If they could not find a ?you? means, the job is for them and they should whether console or curse but realize the truth that?.. ?I have to do the job?.?