Employee Retention Wake-Up Call

Speaking Up Helps Keep Star Workers appears in one of our local papers – the Pioneer Press. The article discusses a topic we have addressed before that many employers assume is not active in their company – job hunting. In case you were in doubt, some stats from the article: A recent workplace survey of 16,237 workers by Leadership IQ, a leadership training and research firm in Washington, D.C., found that nearly half the people regarded as stellar performers were actively trying to leave their current employers. That should grab every managers’ attention. 16,237 is a large sample size and 47% are actively looking to leave. Forty-seven percent of your… Read More

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Firing the CEO

Last week we posted on the CEO turnover problem both here and here. Today, I caught up to a lengthy CareerJournal.com article regarding How to Fire a CEO: It’s Harder to Sack the Boss. It is an interesting read about the multiple dismissals that have arisen recently. This topic hits home in that the United Healthcare imbroglio occurred in our backyard this year. This is borders on the absurd: Massachusetts Mutual Life Insurance Co. dismissed CEO Robert J. O’Connell last year, saying that he padded a retirement account by millions of dollars, misused corporate aircraft and conducted an affair with a female executive. But a panel of arbitrators said last… Read More

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The Cure for CEO Turnover

Honestly, I just came across this article – Women CEOs Experience Longer Tenures, Faster Growth – as a follow up to my previous post. This study is from a limited sample of Massachusetts-based companies with an average size of $54M/year revenue and 120 employees. Not huge, but sizeable companies nonetheless. This piece of information from the short article caught my attention: When asked about their priorities for driving that growth, 80 percent of women CEOs surveyed identified expanding customer relationships ahead of aggressively pursuing new products, new geographic markets, or strategic alliances, the study found. Another 77 percent said they sought input into the decision-making process through a participatory leadership… Read More

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CEO Turnover

We first posted about CEO turnover in this post. Now BusinessWeek comes along with an article titled The Great CEO Exodus. CEO’s get a bad rap about their compensation packages, but it is not an easy job. Now consider the pressure being exerted on these leaders: Not so long ago, a new CEO like McComb would have had six to nine months to get his act together. Not any more. Management experts say the newly minted boss has about 90 to 100 days to start implementing strategy. It would appear that there is a drastic candidate shortage even at the CEO level: Gerard R. Roche, senior chairman of leading recruiter… Read More

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The Job-Hopping Path

CareerJournal.com has to be one of the best sources for hiring information on the web. Today is no exception as they release this article – Job-Hop to the Top Of the Corporate Ladder. To cut to the quick of the article: If you want to make it to the top of the corporate ladder, job-hopping may actually be the only way to get there… Yup, this is a common strategy amongst the younger generation. We wrote about it in this article from earlier this year. Our perspective focused on the manager’s viewpoint while the CareerJournal article focuses on the employee’s viewpoint. First, from the CareerJournal article: Identify what you want… Read More

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How To Retain Employees

Earlier this week we posted on employee turnover via a survey that found 75% of jobseekers believe they will find greater career success elsewhere. As jobs become more plentiful and workers more scarce, employee retention is going to be a top 3 topic for most companies. Steve Rothberg posts on the CollegeRecruiter.com blog a handful of tips to increase your company’s employee retention rate. Please read them – he is spot on. The suggestion that stood out to me in terms of the younger generations: Keep it fresh. Create new ways to ensure your employees continue to learn and grow within their related field and your company.

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The Select Metrix Survey Says…

Ok, there isn’t a Select Metrix survey and Richard Dawson isn’t screaming “survey says” anymore. Nonetheless, most of the major job boards have a quarterly report that details the hiring landscape. Now this morning I see that some of the smaller boards are starting to release their own survey results. TheLadders.com released their Quarterly Executive Employment Outlook. We have minimal experience with TheLadders.com but I have read many good things about it. Their focus is on $100K+ jobs which puts a management-level focus on their results. From the press release: The survey also revealed a growing trend among senior level executives to search for new employment in order to accomplish… Read More

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