{"id":1138,"date":"2007-08-16T12:22:21","date_gmt":"2007-08-16T17:22:21","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2007\/08\/tips-to-retain-employees\/"},"modified":"2007-08-16T12:22:39","modified_gmt":"2007-08-16T17:22:39","slug":"tips-to-retain-employees","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2007\/08\/tips-to-retain-employees\/","title":{"rendered":"Tips To Retain Employees"},"content":{"rendered":"<p>Retention is on everyone&#8217;s mind with the job-hopping world we now live in.  I have to admit, if we see a candidate who has been locked in with a company for 10+ years, we start to wonder about their overall development.  Today Kevin Wheeler offers an excellent article on the ERE website that deals with strategies to implement to improve employee retention.<\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.ere.net\/articles\/db\/6F70991760114921B246276E14A16AA4.asp\">Money Won&#8217;t Hold Them<\/a> starts with a quick history lesson on how we got here:<\/p>\n<blockquote><p>But somewhere in the early 1980s, things began to change. The first crack came with the advent of the 401(k) and (b) plans that freed employees from the corporate retirement programs. The 401 programs are, in effect, portable pensions. In effect, you take your accumulated savings and add to them somewhere else.<\/p><\/blockquote>\n<p>The pension fund is toast for we Gen Xers and younger.  Workers now freed from a loyalty-inducing pension plan now look for opportunities more freely.<\/p>\n<blockquote><p>I often hear managers, CEOs, and supervisors promising this and that and making speeches about how committed they are to their workers.<\/p>\n<p>When it comes time to allow workers some say in their work, or the opportunity to transfer to another department, or the chance to try something new, they just as often hesitate. Words can take on many meanings and can be twisted to fit any occasion. Deeds speak for themselves.<\/p><\/blockquote>\n<p>We&#8217;ve seen that approach all too often.  I think he is spot on in that commentary.<\/p>\n<p>Finally, he provides 6 suggestions for improving retention that are must reads.  I&#8217;ll pull a couple of pieces from the article as a tease:<\/p>\n<blockquote><p><strong>4. Pay at market rates or more.<\/strong> Don&#8217;t think that your benefits or loyalty will keep employees happy. Err on the side of generosity when you offer pay increases and never let pay be an excuse for an employee leaving. Pay is never the real reason people leave a firm, but it sure makes a great excuse for employees. Most organizations can&#8217;t defend themselves on this issue because they don&#8217;t pay that well.<\/p>\n<p><strong>6. Remember that we have entered a time when the employees are in charge. <\/strong>They can cripple your success and they know exactly how. They own the tools of production, and management needs to understand that the best companies, those that are most financially successful, have employees who enjoy &#8220;just enough&#8221; management and a lot of freedom. Today&#8217;s employees are better educated, more independent, less afraid, more secure, and far more entrepreneurial than those of even 10 years ago. This means that HR policies and management styles have to radically change.<\/p><\/blockquote>\n<p>As they say, <a target=\"_blank\" href=\"http:\/\/www.ere.net\/articles\/db\/6F70991760114921B246276E14A16AA4.asp\">read the entire thing.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retention is on everyone&#8217;s mind with the job-hopping world we now live in. I have to admit, if we see a candidate who has been locked in with a company for 10+ years, we start to wonder about their overall development. Today Kevin Wheeler offers an excellent article on the ERE website that deals with strategies to implement to improve employee retention. Money Won&#8217;t Hold Them starts with a quick history lesson on how we got here: But somewhere in the early 1980s, things began to change. The first crack came with the advent of the 401(k) and (b) plans that freed employees from the corporate retirement programs. The 401&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2007\/08\/tips-to-retain-employees\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[20,23,11],"tags":[],"class_list":["post-1138","post","type-post","status-publish","format-standard","hentry","category-compensation","category-retention","category-team-management"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-im","jetpack-related-posts":[{"id":1529,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/director-of-career-mobility\/","url_meta":{"origin":1138,"position":0},"title":"Director Of Career Mobility","author":"Derrick Moe","date":"April 23, 2008","format":false,"excerpt":"Another good article here from WSJ titled New Career, Same Employer.\u00a0 The gist of the article: Ernst & Young LLP last year named Nancy Harley director of career mobility for the Americas, a new position designed to help employees of the accounting firm move into new roles. \"The longer someone\u2026","rel":"","context":"In &quot;Assessing&quot;","block_context":{"text":"Assessing","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/assessing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1503,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/04\/retention-strategy-limit-rules\/","url_meta":{"origin":1138,"position":1},"title":"Retention Strategy &#8211; Limit Rules","author":"Derrick Moe","date":"April 7, 2008","format":false,"excerpt":"BusinessWeek.com's playbook section offers a very short, but highly intriguing article title How Netflix nets and keeps talent.\u00a0 Here it is in it's entirety: PAY LAVISHLY Higher-than-average salaries\u2014and tying bonuses and raises to the market, not a pool\u2014can make stars less likely to bolt. Money is no object in hiring.\u2026","rel":"","context":"In &quot;Retention&quot;","block_context":{"text":"Retention","link":"http:\/\/selectmetrix.com\/blogs\/category\/retention\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1615,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/06\/creative-employer-gas-programs\/","url_meta":{"origin":1138,"position":2},"title":"Creative Employer Gas Programs","author":"Derrick Moe","date":"June 13, 2008","format":false,"excerpt":"This article from abcnews.com discusses different corporate plans to help employees deal with the rapidly increasing gas price.\u00a0 Of all the creative approaches I have read of late, I think this one takes the cake (my bold): The career search Web site Jobing.com's program really helps employees' wallets. Those who\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":607,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/01\/when-drivers-of-retention-are-misaligned\/","url_meta":{"origin":1138,"position":3},"title":"When Drivers Of Retention Are Misaligned","author":"Derrick Moe","date":"January 25, 2007","format":false,"excerpt":"I'm a little late to the party on this post from Spherion's The Big Time blog. The post covers many interesting topics. To start (emphasis mine): 23 percent of companies are already dissatisfied with the talent available. One-third of HR managers mention turnover\/retention as a key concern. On average, employers\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2211,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/12\/2010-predictions\/","url_meta":{"origin":1138,"position":4},"title":"2010 Predictions","author":"Derrick Moe","date":"December 23, 2009","format":false,"excerpt":"This is from the Herman Group as they make their predictions each year.\u00a0 I can attest to the first point being valid \u2013 I have talked to a handful of salespeople who are waiting out the economy to jump from their current position.\u00a0 These guys have a wonderful grasp of\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":815,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/04\/an-indirect-cost-of-turnover\/","url_meta":{"origin":1138,"position":5},"title":"An Indirect Cost Of Turnover","author":"Derrick Moe","date":"April 11, 2007","format":false,"excerpt":"We at The Hire Sense have been focused on employee retention this year. Pretty smart of us, I know (especially when the national unemployment rate is 4.4%). Michael at Hidden Business Treasures pointed us towards the Herman Group's Trend Alert e-newsletter and I received my first one this week. The\u2026","rel":"","context":"In &quot;Retention&quot;","block_context":{"text":"Retention","link":"http:\/\/selectmetrix.com\/blogs\/category\/retention\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1138"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1138\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1138"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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