1/3 of salary is way too low for critical jobs. A bad "hire" can cost you millions if they lose a great customer or make bad decisions. The Quaker CEO cost them 1.4 BILLION on the sale of Snapple alone. Now that's a bad hire! (Ask any sports team what is the cost of a bad 1st round draft pick that leads the team to a losing season and then must be let go in a year or two!)
Read More »Dr John Sullivan
Measuring Training Effectiveness and Impact -training can be measured in a variety of ways
Training can be measured in a variety of ways including[List (Items I-V) are in increasing order of business value]: I – Prior to training The number of people that say they need it during the needs assessment process.The number of people that sign up for it. II – At the …
Read More »Checklist of Possible Employment “Metrics” – measures that can be used to assess the impact and quality of employment systems
After studying hundreds of employment systems at Fortune 500 firms we have identified numerous metrics or measures that can be used to assess the impact and quality of employment systems. This checklist can be used as an audit tool or as a mechanism for identifying and continuously improving the employment …
Read More »The Cost Factors and Business Impacts of Turnover
Chances are if you only include these limiting factors (e.g. recruiting time, HR's time to review resumes, training, benefits, etc.) you will underestimate turnover costs dramatically!
Read More »Retention – why employees leave – Why do people leave a job for a better job?
People often lie in exit interviews about why they are leaving. Managers should, of course, know in advance who is leaving and why. A comprehensive list like this is of little value unless you use it as a guide to gather your own information as to why YOUR workers are …
Read More »How to hire great people that don’t need a job – How to hire a Michael Jordan
In the increasingly difficult recruiting market you must learn how to "think outside the box" if you are to get the best (or even the average) in fields like IT and Hi-tech. This is how I recommend you do it. Stop putting butts in chairs and hire "better people". "The one with the best people wins!"
Read More »e-HR – A Walk Through A 21st Century HR Department
As I enter the HR department I notice it’s distinctly different than when I retired as a VP of HR way back in 1998. It was quieter, smaller and had much less people than I had remembered. There were only a few HR staff people in the office – there …
Read More »Finding the Best in Your Field
Identifying the best in a functional field is easier than you think. If you are targeting the very best in a field to recruit expect them NOT to be active job seekers. Also assume you are going to have to build a long term ‘relationship’ with them in order to …
Read More »Retention “ToolKit” – 63 retention tools and tips you can use tomorrow
I was speaking at an International Institute for Research seminar last week (they are great people) and my Retention Tool kit got a good response. Here it is in checklist form. Retention “ToolKit” 63 Retention Tools And Tips You Can Use Tomorrow Measure and reward managers (teams) for attracting, developing …
Read More »Post-Exit Interviews – More useful than exit interviews
Expect to find a significant difference in the answers you get from post-exit interviews/questionnaires (as opposed to traditional exit interviews) because: Individuals are less emotional 6 months later.They have had time to reflect and compare “us”to their new situation.And they no longer have the need for a “good”reference from their …
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