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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.

A Fresh Start
There is no magical solution to solving your business problems. But, I will share a nugget of information with you that would help ensure that your company could obtain a unique competitive advantage. Many of these solutions will only cost you a little time and a minimal amount of money.

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.

Retention: Learn How You Can Create a Competitive Advantage for Your Company
There is no magical solution to business success or solving business problems; however, with a little time and money, many solutions are obtainable! The people are a company's most important resource-not a disposable resource to cut in economy downturns.
There is a Storm Brewing - A Labor Storm
How long will this storm last? Have you prepared? Do you have an umbrella? Are you ready to head for the basement when the sirens roar? Unfortunately, we don't have the technology to literally see the future. So, we must depend on studies and the research of futurists to be our crystal ball. We know a labor storm is brewing but we just don't know how intense it is going to be.

Is Your New Customer Bucket Full of Holes?
Most small business owners focus most, if not all, of their marketing efforts attracting new clients-and hardly any on following up. That’s like pouring water into a holey bucket. Find out how to plug those holes with simple customer retention strategies in this helpful article…

Winning Opportunities For Everyone Through Mentoring
Mentoring can be an excellent retention tool for a company if implemented appropriately. It is a solution that meets the needs of many individuals of all ages and at all levels in their careers. In addition, mentoring provides a fabulous way to transfer knowledge as the older generations begin phasing in their retirement.
Buiding the Right Culture -- The Key to Retention
Almost every Human Resource expert will tell you that employees must enjoy their work to be effective doing it. Enjoying work is not limited to the task itself. What this really means is simply "enjoying work is exceptionally dependent upon the culture which the works resides in." In other words, the company must build a culture that the employees embrace. One that encourages self development, empowerment, social inter action, accountability and recognition. If your employees don't enjoy working for you and at your place of business, retention will become an issue.
Hiring is not Easy ---- Interviewing Techniques to Improve Your Success
Hiring the right individual, with the right skill set, that has the right attitude and the right personality to fit in can be one of the most challenging endeavors any manager will ever face. Leveraging your chance of success by using the team approach, profile testing and seriously checking references helps. But, if you have several qualified candidates it's still like flipping a coin. You just can't be positive about your choice until you see the individual in action. Sometimes it takes months, even years to see the real person you hired whether it's really good or really bad. Finding the really bad ones months after you have hired them can be extremely expensive. Face it. What you are trying to accomplish in the selection process is to predict the way an individual will behave in the future in your environment.

Hiring to Sustain Growth in a New Economy - 2 Things You Should Look For When Hiring New Employees
Two issues that must be addressed so the probability that you will hire and retain the right employee increases significantly...

Telecommuting A Common Workplace Solution
Telecommuting provides benefits to both companies and employees. In fact, it seems like the list of advantages far outweighs the disadvantages and just continues to grow. With the ease at which telecommuting can be implemented in the workplace, what is holding your organization back from at least considering telecommuting as a means to attract and retain your greatest asset – your employees? In this article, you will learn the advantages and disadvantages as well as how to set up a successful telecommuting program in your company.
Running on Empty?
Leslie leaves her job after 18 years for another that pays about the same amount of money. Raymond leaves his new job of six months for another job that pays 25 cents an hour more with a longer commute. Sarah is looking for a job in another field because she is tired of all the negativity at her current firm. What do these three have in common? They all did not feel appreciated at work.

Selection and Leadership Development for Emotionally Intelligent Leaders
The ability to select, motivate, develop, engage and retain top people is critical to a company's success. If you want to build a company where people love to work you have to know how to hire and keep great people. Unfortunately, a poor hire can cost a company a great deal of money and cause undue distress and wasted time for everyone involved. Great companies and managers start with optimistic, change-resilient, and committed people whose values fit the workplace culture. Keeping great people involves creating a healthy work environment where people can use all their knowledge, creativity, and skills. Self-managed organizations create work environments where people can continuously learn and make decisions.

The Most Important Part of Your Business
If I asked you the most important part of your business, what would you say? PR? Marketing? Perhaps advertising or sales? Now what if I said they’re all irrelevant? What if I said you don’t need sales to be successful?

Termination Procrastination
"Profit covers many sins". That means that many of us may have become a little complacent and tend to procrastinate when it comes to problem employees... Maybe we didn't quite run our business following absolute best practice. Maybe some of us overlooked less than the best performance expected from our employees. Maybe we were a little too compassionate regarding employee effectiveness and as a result we haven't "weeded the garden" to allow our good employees to flourish. Instead, we just procrastinated on making these kinds of decisions. If your company is one that got caught in that viscous web of easy success and thought that prosperity in the market wouldn't end and you didn't quite pay attention to basic best practice business acumen, you may have fallen prey to the "Procrastinating Concept of Profit Covers Many Sins".

The Challenge of Hiring
Interviewing a new job candidate sounds easy. After all, you are in control. You have something to offer. You can select anyone you choose to select. Right? That sounds good but in reality interviewing a person to fill a job opening is one of the more difficult tasks you may face as a manager. It does require specific skills to do it right and increase your chance of hiring the ideal person for the job; the person that will stay and fit in with the culture of your company. Whether you employ one person, or five hundred, choosing the right employees can be a challenge. How do you k now for sure which person you interview is the right one for your company?

Employee Development...It's Back on the Radar
Robin Throckmorton, MA, SPHR and Cathleen Snyder, PHR discuss how companies have stopped providing employee development. Companies that survive tough times, often faced staff reductions - whether through reductions in force or attrition, budget cuts, restructuring and any number of measures to ensure the company lived to tell about the "Great Recession". You'll notice that nowhere in that statement was there mention of training, employee development, or rewards and recognition. For many companies, these areas have simply been off the radar. It's time to change this...
Are You Worrying about Retention During the Recession? You'd Better Be!
Is retention an issue for your company? Recently when I've asked this question of folks, their immediate response is a loud "NO" quickly followed by "employees are lucky to have a job right now. We don't have to worry about retaining them. They aren't going anywhere." In a sarcastic tone, I quickly retort with something like, if you were to lose a good employee right now, what would that turnover cost you? After they try to calculate it and get crazy numbers that are so far off base, I'll share the simple rule of thumb of 50 - 150% of the employee's annual salary. Can you afford that expense to hit the bottomline right now just to lose one employee? If that isn't enough to make you think about retention right now, let's talk a little more about the impact of losing even more employees when the economy picks up and the labor market is shor
Retention: How Many Employees Can You Afford to Lose?
Each year whether we are in a recession or boom, we continue to hear statistics ranging from 60 - 85% of our workers are actively seeking employment. Even during unemployment numbers of 10% following our latest recession, surveys say over 80% of workers are actively seeking their next job. Employers often find themselves in disbelief that these numbers apply to them, especially if they've been lulled into low turnover rates - UNTIL their best employees exit out the door right before the eyes. What are you doing?
Global Talent Shortages Intensify
Face with a shortage of skilled workers, more employers will broaden their people searches to include talented people in other locales, both domestic and foreign
Don't be Opaque
I often speak on trust and transparency. One client said he knew some managers who are expert at being "opaque." That word caught my imagination, and I wanted to send along some comments on the concept of being opaque.

RETENTION OF STAFF
Why is retention of staff such an issue these days? Surely staff are lucky enough to be employed in a full time job without you having to worry about whether or not you’re going to keep them? Retention of staff is an issue that should be ranked priority number one. Regardless of the current economy - we do not have enough skilled staff with the appropriate skill base to fill all the available jobs – and it’s not going to improve. Simply put, the workforce growth rate is declining. In the long run there will be more jobs than workers. The future will be that there is increased competition for fewer qualified workers, which will necessitate an enormous emphasis on the need to retain the workers we already have.

Dear Hiring Manager
Dear Hiring Manager, I am confused about your frequent complaints regarding the availability of talented people for your organization. You complain that good workers are difficult to find. Help me to understand your position and perspective because I just cannot understand your logic. Currently, there are people on your team that do not perform, do not show up, and do not appreciate the job they are asked to complete. Yet, you cannot seem to find the desire or ability to remove them from your team. What gives?

How to Reduce Employee Turnover
Employee turnover can cost organizations thousands of dollars when you consider lost production time, re-training, etc. One of the key ways to keep good staff is to instill in them a sense of loyalty and commitment.

Other retention Related Articles

When Customer Retention Goes Bad
I love racquetball. I played racquetball for over 18 years, very aggressively and very competitively. It's great exercise and a perfect way to let out your aggressions and stress. That's why I was so upset when my health club decided to forgo customer retention and worry about their own singular requirement - Getting new customers! Yes, I'm actually going to teach a customer retention lesson by discussing my racquetball experience.
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.

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.

3 Website Benefits that Improve Client Satisfaction and Retention
A website that doesn't make money for your accounting firm is a useless website. The primary method of generating revenue with your website is by using it as a prospecting tool. It's a great way to bring new clients into the firm but don't become so focused on client acquisition that you allow other opportunities to slip by. You can use your website to improve your client retention as well. Combined with client acquisition, improved client retention can really shore up your firms bottom line.

Network Marketing Business Building Is A Piece Of Cake.
When it comes to sponsoring a new representative into your network marketing business it is better for retention purposes to sponsor an experienced network marketing person. However, a person who is new to the network marketing business could also yield a high retention rate if dealt with honestly during the recruitment and presentation process.

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.

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