Employee Retention Archives - Page 3 of 13

Who Talks About Their Boss Over Dinner? Everyone!

March 4, 2024
Richard Finnegan
Articles

Even those of us who love hard data must acknowledge the truth that most people don’t quit jobs, they quit bosses. I have mentioned my belief that what matters most regarding employee retention and engagement is what employees talk about over dinner and bosses are often what they talk about over dinner.

Correlation Between Culture, Turnover, and First-Line Supervisors

February 26, 2024
Richard Finnegan
Articles

Instead of wondering how to make employee retention goals and tools fit into your current corporate culture, consider making a fundamental change to your culture with the consistent belief, executive buy-in, and full organizational engagement in employee retention as one, if not the, most important focus of your organization.

January Numbers Prove Recruiting Alone Is Dog-Chasing-Tail

February 13, 2024
Richard Finnegan
Articles

Consider that top performers out-perform average performers by 4 to 1. But during these dog-chase-tail times, retaining even your average workers versus having to dip into the highly competitive recruiting pool makes more sense than continuously playing in the doom loop of recruit/train/do exit interviews and then start over.

How Employee Turnover Is Like Losing a Marriage

February 5, 2024
Richard Finnegan
Articles

“The things that destroy love and marriage often disguise themselves as unimportant. They’re not bombs and gunshots. They’re pinpricks. They’re paper cuts.” The common thinking about why employees quit is usually pay, benefits, career paths, and other broad one-size-fits-all expressions. The reality though is that many employees are quitting their jobs today because of the hundreds of paper cuts by their direct supervisors.

What are Your Employee Retention Resolutions for 2024?

January 29, 2024
Richard Finnegan
Articles

The first quarter of 2024 is a great time for visionary leaders to consider fresh strategies to retaining their organization’s top talent. With the unwavering belief that every company should make it a mission to cut turnover rates, I present to you five employee retention resolutions for your consideration.

What is the Worst Way to Increase Young Worker Retention? Promote Them!

January 22, 2024
Richard Finnegan
Articles

What is Worst Way to Increase Young Worker Retention? Promote Them!

29% of U.S. workers are quitting their jobs within one month of their first promotion. Yes, please read that sentence again. Given that we are talking about first promotions, maybe younger workers don’t see moving up the organization chart as worth the hassle, even for a jump in pay.

What 60 MINUTES Got Wrong About WFH Commercial Real Estate Crisis

January 15, 2024
Richard Finnegan
Articles

60 MINUTES did a deep dive into the pending commercial real estate crisis connected to work from home and the “stalled out” return-to-office movement. The wrong part of the report is that the pandemic is the root cause of this coming economic catastrophe. While the pandemic sparked it, the real cause is that today, CEOs cannot demand return-to-office because current workforce shortages give employees unprecedented power to say “no”.

To Retain Your People, Supervisor Trust Stands Alone

December 4, 2023
Richard Finnegan
Articles

It seems too intangible or simple to say that supervisors who build trust will improve retention, even more than traditional solutions like pay, benefits, onboarding, training, and everything else. But it’s true that the the lens through which your people see their relationship with their manager is how they see your company.

Is Having a Work “Best Friend” a Viable Retention Solution?

November 27, 2023
Richard Finnegan
Articles

The G12 is the core of Gallup’s approach to measuring employee engagement by rating 12 highly researched items on a five-point scale. One of those 12 is “I have a best friend at work”. I confess to initially scoffing years ago regarding this one and I whiffed on seeing the correlation between this Gallup data and an organization’s level of employee engagement.

Can Stay Interviews Cut Turnover for Temporary Help, Too?

October 31, 2023
Richard Finnegan
Articles

C-Suite Analytics’ work with United Facilities cut turnover for full-time workers by up to 58%, cut costs and improved production metrics. Then they elected to take on turnover for their temporary workforce. Could Stay Interviews be as effective for retaining them?