Employee Retention Archives - Page 9 of 12

The Best 2-Word Description for Recruiting Today

July 12, 2021
Richard Finnegan
Articles

Consider “too many openings”, “too few candidates”, or perhaps “applicants too picky”…but the best description I heard came from a CEO of a manufacturing company who said this about today’s recruiting: Doom Loop…defined by Jim Collins in Good to Great as “a painful cycle of decline”.

There Is Finally A Real Engagement & Retention Solution

June 28, 2021
Richard Finnegan
Articles

If I asked SHRM why engagement and retention are not on their list, I suspect they would tell me the primary tools for engagement and retention are surveys and SHRM has stayed away from the survey business.

Are Exit Interviews More Like Autopsies or Toe Tags?

June 22, 2021
Richard Finnegan
Articles

Exit interviews have the appearance of leading to a solution because logically if we know why employees leave and we can fix that, then we can cut turnover and employees will stay. That logic breaks down, though, in practice.

How Can Unemployment Be 6.1% When “Help Wanted” Signs Are Everywhere?

May 24, 2021
Richard Finnegan
Articles

Let’s start with the common belief that workers are collecting unemployment, waiting until September, and are receiving more than they were earning in their prior jobs. “Not so fast, my friend” is one college football commentator’s catchphrase for disagreeing with his Saturday morning colleagues…

Think It’s Hard to Find An Electrician Now? Just Wait.

Rebuilding our infrastructure is just a matter of time, measured in months. I wonder, though, if anyone in Washington is wondering where the needed workers will come from because I can’t find an electrician now. But “The American Jobs Plan” is about more than electricians. It’s about 19 million Americans with various work histories getting new jobs.

Alarming Realities Regarding Employee Engagement

April 27, 2021
Richard Finnegan
Articles

How hard is it to understand that employees do want recognition, communication, and career coaching…but they want it from their boss? Yet we persist to believe one-size-fits-all programs are worthy substitutes for our managers performing their jobs. So there is no mystery why employee engagement has been stuck for 20 years.

What’s Right…and Wrong…About SHRM’s Monday Report on Upcoming Turnover

March 23, 2021
Richard Finnegan
Articles

In their weekly member newsletter yesterday, SHRM predicted a turnover “tsunami” once the pandemic ends, re-surfacing that employee retention is at major risk regardless of today’s unemployment rate.

Social Awareness Has Led to Hiring More Black Workers. How Do We Keep Them?

March 16, 2021
Richard Finnegan
Articles

Social Awareness Has Led to Hiring More Black Workers. So How Do We Keep Them & Advance Them?

The best and most comprehensive study on how U.S. companies are doing, specifically with retaining and advancing Black workers, was recently released. And the outcome says we have work to do.

The Wall Street Journal Stunner Fact About Employee Retention

February 9, 2021
Richard Finnegan
Articles

Remember way back when, before the pandemic, when it was hard to find qualified candidates for most jobs? That was February 2020, exactly one year ago, when our unemployment rate hit its floor of 3.5%. Consider the off-setting turbulence that same market will face in 2021 if unemployment falls to 3.2% within a year.

Yes, Stay Interviews Cut Turnover in Lithuania

January 19, 2021
Richard Finnegan
Articles

The bottom line is PEPCO’s Baltic states’ turnover has decreased by 67%...and PEPCO has yet to leverage the full power of Stay Interviews as they have taken them to the Area Manager and Store Manager levels only. Kristina tells me the likely next step is to implement Stay Interviews to include all PEPCO employees.