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retention strategy Tagged Articles



EMPLOYEE RETENTION
Finding good people is a significant challenge facing organizations. In a highly competitive environment, keeping good people can be just as difficult. The balance of power in the workplace has shifted dramatically in favor of employees. The recruitment and retention strategy most organizations choose is incentives. While an important and necessary step, it’s a short-term solution without long-term impact. Many organizations have reached a plateau where incentives are not making a significant difference. The struggle is, after you have taken appropriate steps to make sure incentive plans are competitive, what is the next step?
Building an Effective Talent Management System
Your organization probably manages its cash flow very carefully. After all, if you run out of cash you are in real trouble. But how about running out of talent? Does your organization manage its talent as carefully as its cash reserves? For most organizations the answer is “NO!” In these tough economic times attracting and retaining talented employees can be your key to competitive advantage.
What else does it take to KEEP your employees satisfied
This article is to help managers, supervisors, executives and other hiring managers understand new methodologies on reducing attrition and increasing employee morale.
Swim Clear of the Compensation Undertow
You have the right people, right products/services and the right strategy. But, you are still missing the mark on realizing your true revenue potential. If this sounds like your story, read on.

3 Options for Managing Change Plus 7 Steps Organizational Leaders Should Take When Facing a Challenge
Here are 7 steps you should take to successfully increase the chance of implementing a change effort...

Other retention strategy Related Articles

Eight Powerful Strategies To Retain Clients, According To Your Strategic Thinking Business Coach
Do you practice strategic thinking in your marketing efforts? Do you develop client-retention strategies, in addition to strategies to gain new clients? If you answered NO to these questions, you may want to rethink the way you are doing your marketing. My experience indicates that a strategic approach to client retention is underutilized and therefore a great deal of energy, time, talent and money is being wasted in marketing efforts seeking new clients and ignoring or giving “second rate” efforts to retaining existing clients. A major goal for businesses needs to be the retention of long-term clients, or “clients for life.” This is one of the most powerful strategies for business growth. Your strategic thinking business coach offers eight powerful strategies for client-retention.

Strategic Thinking To Develop A Successful Employee Retention Strategy According To Your Strategic Thinking Business Coach
Look around you in today’s business world. It is no secret that it is becoming more difficult to recruit and retain skilled employees. In fact, one could say that select businesses and industries are desperate or becoming desperate to find people with the needed skills and attitudes. Okay – what about your business? Have you anticipated and responded to the challenge of employee retention? Or are you like too many businesses that do not focus on employee retention until turnover increases. The successful businesses today have a formalized employee retention program as part of their business strategy. They take a proactive approach to prevent unnecessary employee turnover. Your strategic thinking business coach suggests that you use some strategic thinking to develop a successful employee retention strategy.

GROW TOMORROW’S LEADERS TODAY
A critical factor in the leadership development of your high potential(HIPO) talent is the provision of customised development plans. Research conducted by the Corporate Leadership Council1 in 2005 showed that, while the presence or absence of a development plan seems to have no impact on motivation or retention of highly talented employees, the quality of a development plan (if present) in terms of being customised to the individual and being achievable has a large impact on motivation and retention. Indeed, the opposite also holds true – a development plan that is not credible negatively impacts motivation and retention.

A Strategically Structured Outline For Business Succession Planning From Your Strategic Thinking Business Coach
One major question I ask business owners is: “Do you have a succession plan or exit strategy for your business?” I also ask employees: “Do you know if a succession plan or exit strategy exists in your company or organization?” My experience has more than 90% telling me they have no succession plan or exit strategy. Succession planning is a critical factor for the long-term success of any business. Leadership transitions in business affect the entire organization’s continuity, employee retention, client retention and returns on investment. It is essential to create and implement a process that creates visibility, accountability and greater integration of all facets of the business. Your Strategic Thinking Business Coach has developed a strategically structured succession plan outlnine and shares it in this article.
Why Succession Planning
Succession planning is not just a nice thing to do, but rather it is a necessary process that should be in place to protect the overall health of the organization – big or small. Who is going to step into your shoes when you get promoted, have a major medical problem or leave the organization? What is your retention strategy for the individuals who are important to the success of your organization?

Retention: What Can I Do?
Has the market turned on us? Are we actually in a recession? Then why is retention still such a huge issue for all of us? This is one of the most amazing economic states that we have experienced in quite some time. Although there has recently been a huge number of layoffs, there is still a labor shortage. This means that companies are still battling the retention issue. But, we are all quickly learning that having an effective retention program is the right thing to do in any economy because it provides us with a competitive advantage.

Leadership and Keeping Your Customers
This article presents a brief real situation, case study which illustrates the critical importance leadership plays in customer retention, employee retention, customer loyalty and profitability.

Three Ways To Reduce Conflict And Improve Volunteer Retention In Nonprofit Organizations
Http://www.corevalues.com. Volunteer retention, which is not unlike employee retention with an obvious twist involves three strategies for reducing conflict and maximizing volunteer effectiveness.

Pay Attention to Retention
It is imperative to pay attention to retention because when there is turnover, it saps the organization in numerous ways. This article offers some ideas on how to improve employee retention.

Customer Service-What Could You Do With an Extra Half-a-Million Dollars?
Could customer service trump sales as a growth strategy of your company. There are many good companies but few superior, when it comes to customer retention. Here is a plan that will double your growth.

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