Ask the GeezersManagement Q & A |
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Thursday Nov 08, 2007
Attrition
For many, retention means something monetary, something tangible, hard cash or stock. Indeed, making sure the staff are reasonably happy from a financial viewpoint is important. But there are many other ways to ensure that staff are happy and satisfied in their jobs. You must remember that people have choices. Your objective is to make sure that your staff chooses you. Every single day. As a manager, it's your job to make sure that the people reporting to you work in a pleasant environment, that the job they have to perform is interesting, challenging and not tedious, that their contribution is significant and recognized. You must look in the mirror and ask yourself "when people leave the company, is there any chance that they are leaving on my account?". In short, you have to make sure that your staff is satisfied. Job satisfaction is comprised of many elements, it is imperative to address ALL elements, on a timely basis. It is highly recommended to not wait for times when staff give notice to evaluate your staff's level of satisfaction. In fact, it's really important to do it on a regular basis. You can use one one one meetings, 360 surveys, and other tools provided by HR. Remember, when people leave companies, it's most likely that they leave their manager... Read the this article (http://www.enotes.com/business-finance-encyclopedia/job-satisfaction) and you shall find the different elements of job satisfaction. It's important to address them all. Regularly. Mike Hayden: Sin-Yaw Wang: Yes, try your very hardest to be a good manager. Be creative in looking at processes to improve; be encouraging for interesting ideas to cultivate; be brave to do the right things, even if they are not popular; be good at project management so that the deliveries are at their best. Good engineers need good manager to shine and they will stay with you. Question: A staff member gave a 30 day notice. She said that she was offered over 20% raise over what she makes with us, or a promotion, more responsibility, and more challenging work. Is there a way to convince her to stay? Amiram Hayardeny: You must ask yourself the following questions:
Mike Hayden: Sin-Yaw Wang: The game is almost over when the person resigns. Wish her the bests stay in touch. At the same time, be the the best manager as you can (see above). The rest of your staff will grow, hopefully faster than the departed employees, and find it difficult to trade a short-term gain with long-term prosperity. By the way, if they cannot grow faster, then you will lose the rest of your staff eventually. Posted at 08:28AM Nov 08, 2007 by Amiram Hayardeny in General | Comments[0] Comments:
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