Retaining talent is critical to the long term success of a company. Managers spend a lot of time, effort and money in the hiring process to screen and select the best possible employees and they definitely need to retain that talent.
Employee turnover has a high associated cost and various estimates show what that could be. According to a study by the Society for Human Resource Management, employers need to spend the equivalent of six to nine months of an employee’s salary in order to find and train their replacement.
Change is a constant in today’s job market and keeping abreast with the new requirements is critical to job success. Nothing remains forever and with the rapidly changing job environment and the advancement of technology in today’s world, it is only natural that employers are also looking for new and changing job skills in their work force.
Life is a process of learning. From birth the process begins as we learn to eat, talk, walk, etc etc. If you really think about it you will realize that the process never stops. It is ongoing as we grow, complete our education and begin our career.
The first steps in our career lay the foundation stone for future success. This important change in life can lead to a future successful career if a person adopts, continuous learning daily in order
A common myth is that in order to get results we need to motivate our employees. For Managers and Leaders it is an ongoing concern and most leaders are spending a major chunk of their time trying to motivate their team to achieve the goals set out for them. HR is constantly involved in developing tools and schemes to provide support to leaders in their quest for motivating their employees.
Do the true assets of an organization, its employees, need to undergo development activities to help them grow and develop ?
We need to remember that employees are striving continuously to achieve the organizations objectives and they have their expectations in return. It could be in the shape of increments, bonuses or monetary rewards but research has shown that recognition, appreciation and acknowledgement of contribution work better in motivating them. Further there is nothing more satisfying than acquiring skills that equip one better for the current job as well as future growth.
Times have changed and for most people the thought of a career for life is no longer an option. In fact Generation Y or Millenniums are known to be incredibly sophisticated as they are growing up in an age of rapid change technology wise. They have seen it all and been exposed to it all since early childhood as computers and internet has been with them since they opened their eyes in this world.
Such employees will hold a job as long as it satisfies their needs and will not hesitate to move for better opportunities to different employers and also across various business sectors throughout the first half of their careers at least.
Salary is a very important thing in one’s life – be it the salary you are negotiating for a new job or just the annual salary review. In both cases it is also very relevant to keep in mind that money is not the only thing to discuss but also include the negotiation for company benefits in line with the company’s prevailing policies.
To be able to do an effective job in negotiating and achieve your desires some key pointers are :
We complete our education start a job and then tend to stay in that job for too long. This is the tendency of most human beings as we are basically creatures of habit.
However, if it has reached a point where your job does not hold any challenge or give you the opportunity to learn and grow then you should step back and seriously review the situation. Staying in a job that requires nothing from you intellectually or creatively is the biggest disservice you may be doing to yourself.