"Everything's perfect in our company!"
or: why managers couldn't be more wrong.
Companies are losing a great deal of money due to increasing staff turnover, leading to leaks in company's reputation and ultimately ending in a disaster. But why does this happen? Why do some work 6 to 6 and others don't show up at all? Read more on how to tackle this particularly important task in your company ...
Action Steps
The best contacts and resources to help you get it done
Read the article on: Everything's perfect (or why it isn't)
This article outlines the problem, the reasons behind and the actions to be taken in order to bypass it. Find out how you can spice up your business, way before you are actually facing the problem. The article covers the problem, for instance, most software developers currently have: No life but no interest in work either. And why do project managers always think "they're doing a great job?" - Why does a client get the feeling something's not "right" with your business? And how can you, as a leader, avoid all these problems?
I recommend: http://www.spiceupyourbusiness.com/EverythingsPerfect.pdf
Research on the reasons for staff turnover
Spend a fair amount of time reading up on this topic as it may be crucial to the success of your business. If the core is damaged, the shell can't make it look good either on the long run.
I recommend: http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1074410820
Calculate your staff turnover rate
To calculate the rate of staff turnover in your practice, divide the number of employee departures your practice has experienced in the last five years by the number of staff members you've employed over the last five years. Then, multiply that number by 100. A 15-percent turnover rate in five years is reasonable; 20 percent or more is considered high.
I recommend: http://www.aafp.org/fpm/20010400/29iden.html
Tips & Tactics
Helpful advice for making the most of this Guide
- 1. Make sure your employees do not only get financial incentives, but more importantly: Career perspective
- 2. Employees tend to leave a sinking ship, so make sure your business looks great, inward AND outwards.
- 3. Highlight those who put in a special effort to make things happen in a project
- 4. Make sure you do appraisals regularly.
- 5. Let them appraise you, anonymously.
- 6. Give them training opportunities, paid by the company.
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