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107 Tips for Keeping Valuable Employees (Recruitment Booklet ) COST: $5.00 + .50 cents shipping & handling.
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Employee loyalty has gone the way of the manual typewriter. Today’s frenzied labor market is producing more job-hoppers than ever. They are encouraged to leave by inconsiderate bosses, boring work, little chance to succeed and the competing business across town that just oozes fun and challenge.
You can become known as “the Employer of Choice” by developing a culture where people want to work, grow and put down roots. How? By using the Tips in this booklet. Most of them don’t cost a penny. Others can be introduced slowly according to your budget.
It takes roughly 2.5x’s a salary to replace an employee once they leave! Hire & Retain the Right People the First Time!
Cherry pick from the lists. Determine which tips will work best for you – keep and retain the valuable employees you have worked so hard to recruit and train.
Here are 5 tips from the booklet:
- Set high productivity goals for employees, then offer them generous amounts of time off if they exceed the goals. For example, they can go home at 3 p.m. for the rest of the month. This works particularly well for a sales team.
- Start a “Breakfast with the Boss” program in which the CEO meets each week with three of four people from different departments to talk about what’s on their minds.
- Consider a 360-degree feedback, in which employees receive feedback from their direct supervisor, their peers, and anyone who works for them. Include the employee’s self- assessment.
- Conduct Exit Interviews to find our why employees are leaving. This can often uncover information about bad managers or other problem employees.
- Send a hand-written note to the employee’s home. It goes a long way toward showing the entire family how much you appreciate the effort.
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