October 16 , 2017

Retention

What’s Wrong With Retention Bonuses? Pretty Much Everything

In 30 years, I have yet to see a retention bonus retain, let alone motivate, anyone. – Kate D’ Camp, former VP of HR at Cisco Let’s face it: only a few people voluntarily spend any time thinking about the use of employee retention bonuses (ERBs). I wouldn’t either, except for the fact that a majority of major firms use them instead ... Read More »

Retention — The Top 10 Ways a Manager Can Identify Who Is About to Quit

There are few things that are more shocking to a manager then to have one of their top-performing employees suddenly quit on them. Some managers have described it as the equivalent to a “kick in the gut.” It is a shock not only because losing a key employee will damage your business results, but also because managers hate surprises, and ... Read More »

Stop Your Firm’s Brain Drain – Convincing Innovators to Choose an Established Firm Over a Startup

There is an innovator brain drain going on. The drain is away from larger established firms, which desperately need more innovators, and toward startup firms, which are successfully recruiting a disproportionately high percentage of these prized innovators. It doesn’t matter whether your corporation is trying to hire experienced talent or recent grads; it seems like every innovator and entrepreneur these days ... Read More »

Advice and How-Tos Calculating the Tremendous Dollar Value of a Top-performing or Innovative Employee

In professional sports, almost everyone readily agrees that a top-performing athlete is worth their weight in gold. That value is clearly reflected in their compensation, where for example a top-performing NFL quarterback can get paid 10 times more than the third-string quarterback on the same team. The value of adding a LeBron James, Peyton Manning, or Lionel Messi to your ... Read More »

Stay Interviews: an Essential Tool for Winning ‘the War to Keep Your Employees’

The complete guide on how to use stay interviews to improve retention Many firms use exit interviews to find out why employees are leaving their jobs. Unfortunately, asking an employee on their last day “why are you leaving?” doesn’t provide useful information in time to prevent the turnover. A superior approach that I’ve been recommending for over 20 years is ... Read More »

Winning ‘the War to Keep Your Employees’ Requires Re-Recruiting Your Top Talent

  If you expect to win “The War to Keep Your Employees,” you must continually assure that the best offer that a top performing employee receives comes from inside your own firm. In order to assure that, management must periodically approach top talent and recruit them again (re-recruit) just as if they were a new external prospect. Although I coined ... Read More »

Don’t Forget the Critical Role That Healthcare Benefits Play in Recruiting and Retention

From the employer’s perspective, most of the recent publicity relating to offering health care benefits has been focused on the added cost and burden of providing those benefits to a firm’s employees. However, many employers and especially small businesses seem to have failed to realize that offering healthcare benefits is one of the most powerful attraction and retention factors on ... Read More »

Advanced Items For Your Recruiting Agenda – What Should Google Do Next?

During the newly reinvigorated and exciting ERE conference, two attendees posed related but powerful questions to me. The first was “What advanced topics should be on the agenda of recruiting leaders at elite firms?” Or as another put it “What should Google be planning to do next in recruiting?” At least to me, future agenda items are an important topic. ... Read More »

Bold Approaches For Successfully Retaining Every Innovator – Part 2

Part 2 of a 2 part series (Click here for Part 1) A retention toolkit for innovators. As the economy picks up and unemployment rates continue to drop, I can forecast with a good deal of certainty that the turnover rates among all employees will increase. However, it is important to realize that in a rapidly growing economy, the value ... Read More »