How to Defend Your Team Against the Job Hopping Epidemic
A large percentage of your team is likely less focused on their job and heavily engaged in the pursuit of something better. This negatively impacts productivity and drives up employee turnover cost — two factors that damage the bottom-line. However, you can go on the offensive against this job-hopping headwind with a few simple actions, retain your top talent, and increase their productivity.
How to Rock Your Team Results Even With a Lot of Employee Turnover
According to the US Gallup Job Creation Index, job creation is at a nine-year year high. While some employees are toasting their abundant job opportunities, business owners suffer tighter hiring markets and higher turnover. High turnover can quickly damage your company’s bottom-line through increased hiring costs and lost employee productivity. The good news is that you can reduce and even avoid much of the impact by adopting a few important strategies.
The Power of Setting Good Deadlines
You can increase your success in life by improving how you set and manage deadlines. They can also give you a significant advantage in a world where many people ignore their importance. The best part though is it doesn’t take much effort to develop an approach to deadlines that works well.
This Self Reflection Strategy Can Boost Your Productivity 20%
Research, according to the Harvard Business Review, shows that simple reflection exercises like this can boost your productivity by 20%. Sometimes people are surprised, but one of the coaching strategies that’s very effective is to help them reflect on their performance.
The People You Don’t Like and Why You Must Spend Time with Them
I once was in the difficult spot of having to work with someone I didn’t like very much. Then I realized we had a scheduled lunch together. It was a relief there were two other people invited, but they cancelled last minute. Arrrgh!
Three Life Lessons I Learned in Berlin
Travel is an amazingly effective way to learn and growth. The key to translating your travel experiences into life wisdom is to spend a little time reflecting. I recently returned from a trip to Berlin, Germany and learned several life lessons you can apply to your next trip.
Hiring an Outside Leader is a Risky Bet. Just Look at JC Penney, HP, and Russell Corp
Hiring externally is never a simple solution to an organization’s problems. It’s more dependable and cost-effective to develop your own transformational leaders and use them to fill senior positions. They will cost you less and are often better prepared than an outsider. If you already promote from within, support them so you do not have to hire from the outside down the road. If you normally default to hiring externally, try these five strategies to develop your internal talent.
Wharton Research Exposes the Damaging Cost of Hiring Externally
Wharton research shows that external hires cost 18 to 20 percent more than those promoted from within. They also have significantly lower performance for the first two years. I was skipped over four times in my career for promotion, when the company hired from the outside. Each time I ended up leaving the company and so did most of the other internal applicants. One of those companies was sold to its biggest competitor, one is now less than half its previous size, and one declared bankruptcy.
Will Firing the Team Leader Boost Team Performance?
Does promoting from within an organization improve team performance? Research from the Harvard Business School shows that you should examine the circumstances before you make the call.
How Your Employees Quits…
Research shows how company leaders can use employee resignation data to see if they have a bigger problem. My personal experience shows why this is so important for organizations to understand. Now these types of data points have been aggregated in an interesting research study. This research is so telling because it catches employees at the single point where they have the most leverage in the corporate-employee relationship yet they are still leaving. Learn how to use it to improve.
