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Lesson #1: Respect Can Reel In Greater Returns
In the world of corporate greed, where the up and coming often learn more about finding the loopholes than following the law, Jim Sinegal sticks out like a sore thumb. Named one of BusinessWeek’s “Best Managers” in 2003, Sinegal maintains one of the lowest salaries compared to other CEOs at his level, while Costco workers are among the most highly paid in the industry. Why did he decide to turn Wall Street on its head by following this model, and how did he manage to make such a venture, one that defies conventional business logic, not just possible but also profitable?

Employee Turnover in the IT Industry
Even as companies institute hiring freezes or are downsizing, they would do well to remember that it is more cost effective in the long run to hold on to employees with key skills.
Flexibility---Increasingly Important Benefit
New study finds that the stronger the culture of flexibility, the lower the voluntary turnover rate.
Who SHOULD be mentored?
What does one get out of a mentoring relationship?
***HOW TO KEEP YOUR BEST PEOPLE***
This article was created to help hiring managers reduce attrition and retain their top talent.

Other turnover rate Related Articles

The Perfect Fit
Have you looked at your selection processes recently? What is your staff turnover like? “Let's assume the average salary of employees in a given company is $50,000 per year. Taking the cost of turnover at 150% of salary, the cost of turnover is then $75,000 per employee who leaves the company. For the mid-sized company of 1,000 employees who has a 10% annual rate of turnover, the annual cost of turnover is $7.5 million!” * So how do you go about ensuring you select the right staff, who will fit well with your organisation, and who will stay with you?

Turnover, what does it cost?
Reducing turnover is a critical step in improving your resiliance during tough economic times. However, Retducing turnover isn't enough, you must retain the right employees. This is the first section in a four part white paper on reducing employee turnover.
Applying TQM to Recruitment Convergence
The application of total quality management tools and philosophies (6 Sigma) to areas such as airline safety (takeoffs/landings)has reduced the defect rate to 3.4 per million. In contrast the defect rate in typical employment, selection and deployment runs at around 45 per 100. This article explores how the application of TQM thinking and the use of "best of breed" tools and systems bring dramatic improvements in the following areas: - - reducing unwanted turnover - weak succession planning - losing top talent - matching the right people to the wrong jobs - training the wrong personnel
Understanding and Calculating the Cost of Turnover
A brief look at how one determines their turnover rate. Another article details the causes of turnover and how to reduce it's impact on your organization.
Employee Turnover - What is it costing you?
In today's economy it is more important than ever to avoid turnover. Turnover is extremely costly. These are the factors you need to consider when estimating what the bottom line is when it comes to calculating turnover.
How to Get the Lowest Interest Rate Mortgage
Researching tips and strategies on how to get the lowest interest rate mortgage are important when buying a home today, because each and every interest rate point makes a huge difference when calculated over the term of a mortgage loan. First and foremost, your credit has a direct impact on the interest rate you will receive. There are programs for first time homebuyers that will help you save as well. There are many options available to shop around for a low interest rate as well, but most people would advise against using the ARM (adjustable rate mortgage) compared to a fixed interest rate.
Incorrectly Assessing A Job Applicant's Motivation
In today's highly competitive and turbulent business environment, hiring average employees can spell "failure". Companies can not afford mediocrity while their competitors are striving to be the best. Hiring impacts profits in more ways than most companies realize. A Harvard Business School study determined that more than 75% of turnover could be traced back to poor hiring practices. The decision to hire -or not to hire- plays a significant role in turnover. The leading contributor to turnover is often not what happens after the employee is hired, but rather the process leading up to it. And turnover is not always bad if it's a bad hire that's leaving. You have to wonder if you really are hiring the best we can.
10 Keys for Reducing Turnover
One of the most daunting problems in any organization is turnover. It can cost a business millions of dollars a year and is incredibly disruptive. Reducing turnover should be a high priority activity for every organization, and it is not hard to figure out ways to do it. 1. Develop People 2. Recognize Good Performance 3. Build Trust 4. Reduce Boredom 5. Communicate More 6. Cross Train 7. Don't Overtax 8. Keep it Light 9. Feedback Performance 10. Train Leaders The following article describes some of the reasons why these steps can help cut down turnover significantly.

Flexibility---Increasingly Important Benefit
New study finds that the stronger the culture of flexibility, the lower the voluntary turnover rate.
Six Solution Steps to Employee Retention
What's your organization's turnover or churn rate? Has it increased over the last 18 months? If you are like 40% of firms surveyed, you too have noticed a significant up tick in voluntary resignations.

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