(Incidentally, the same arguments can also be applied to existing weak employees in cases where layoffs or terminations are being considered.) The Top 30 Arguments against Hiring … “Butts in Chairs” a.k.a. Warm Bodies, “C” Players and Homer Simpson Business Impacts of Butts in Chairs Lost productivity — a new …
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Understanding Available Retention Strategies: Are You Prepared for Turnover Rates to Double? (Part 3 of a 3-Part Series)
Parts one and two of this three-part series introduced why focusing on retention isand will be a mission-critical activity as economic recovery continues. The series introduced retention strategies categorized as 1) laissez-faire and 2) all-employee. In many organizations, the subject of prioritizing positions and people is a highly political one. While many accept that certain roles may …
Read More »Understanding Available Retention Strategies: Are You Prepared for Turnover Rates to Double? (Part 2 of a 3-Part Series)
No matter how long you have been in the HR profession, this might be the onlycomprehensive list of retention strategies you have ever seen. This is true because retention is not yet a distinct discipline, and because most retention managers and consultants laser-focus on their favored approach. In order to provide you with …
Read More »Develop A “Bad Manager Identification Process” … and Stop the Pain of “Corporate Depression”
Smelling Bad Managers Let me state upfront that I literally “hate” bad managers. I know that hate is a strong word but I do detest their egos, arrogance and the “silos” they create, but most of all, I detest the damage they do to hard working employees that deserve better. …
Read More »HR Lessons to be Learned from Sports — It’s All About Performance
Same situation but different results – An example Let’s start with a basketball analogy. First compare two teams that play in the same league and the same city, the L.A. Lakers and the L.A. Clippers. If you compare the two teams you will find that both are exactly the same …
Read More »The Right Way To Measure Turnover
When the economy turns around next year, retention will almost instantly go from being a non-issue to a major issue. But because most HR departments currently miss the boat when it comes to measuring and reporting turnover, they are likely to compound the increased turnover problem by underreporting turnover and …
Read More »Retention: Can Your Turnover Rate Be Too Low?
During tough economic times, it’s easy to retain workers. Even the top performers are focusing on maintaining their job security, so they aren’t going anywhere. In fact, no one is leaving or even looking. But it’s also easy to get lackadaisical about turnover, because traditionally the topic only comes up …
Read More »A World-Class Retention Strategy: Letting Recruiters Recruit Internally
If you’ve watched an hour of business news on television or picked up a business magazine lately, the mix of good and not-so-good economic news probably puzzled you. It’s been a real roller coaster lately, and no one can predict when exactly our economy might exit its current slump. Some …
Read More »Instead Of The Cost Of Hire?Measure The Cost Of A Bad Hire
If your company has a turnover of 20% per year and all of your new hires are mediocre, it will only take 5 years for all of your entire workforce to be mediocre. The cost of a “bad hire” for a software engineer can exceed a million dollars, for a …
Read More »Getting your managers to “own” retention and how to cut your turnover rate in half.
It’s relatively easy and cheap to solve most retention problems. Most workers really don’t leave for money. Managers like to hear that “it’s the money” because that shifts the “blame” for losing employees away from managers to the compensation department! Employees often do say, “it’s the money” because that preserves …
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