This is a funny story from Yahoo: The company that makes Hot Tamales candy offered its sales team an all-expenses-paid trip to Hawaii if it met its annual goals, and a trip to the nation’s arctic tundra if it didn’t. The Just Born team did not meet its target and, on Tuesday, about two dozen salespeople gathered inside the 19-story Radisson hotel — the tallest building in frozen Fargo. Outside, the temperature was 7 degrees. The ground had 2 feet of snow. It gets better: They are trying to make the best of it, with a little humor. They planned tours of two North Dakota wineries and a winter extravaganza… Read More
Continue ReadingChipotle Rewards And Retention
Retention does not seem to be a topic of great concern in this present economy. However, the economy will turn and hiring will accelerate. When this happens (hopefully sooner rather than later), retention will become a key topic for many companies. In a surprising story, CNNMoney.com provides a brief description of a unique approach Chipotle uses: Find incentives that work. The best Chipotle restaurant managers get the title “restaurateur” and a $10,000 bonus for each person they hire who starts as crew and goes on to become a manager. We have 170 restaurateurs out of 1,000 managers, and the turnover rate among them is very low. Two things that work… Read More
Continue Reading10 Ways To Help Out Your Employees
ManageSmarter has a good article that provides 10 ways that you can help your employees through the economic crisis. There are some simple ideas on the list that a manager should do regardless of the economy. What better way to retain your employees than to show your appreciation for their efforts? Shortening the work week to four days with extended work hours will increase productivity and give a welcome break for people. Consider giving turkeys to employees for Thanksgiving and accompany the gift with a card expressing appreciation for what everyone is doing. Facilitate a car pool, coordinating rides or give a gas cards. Hold regular one-on-one meetings with employees to… Read More
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