Companies need a formal staff retention program
David Schreiber
Some companies have very shallow employee recruitment programs. ... More importantly, companies have no well-planned, focused or effective employee retention strategy. ... Currently, there is little, if any, management accountability for employee retention. Turnover, retention and recruitment should be discussed at every executive committee meeting, staff meeting and department meeting. ...
Retention saves money
If we can retain more of our employees and lower employee turnover, then we will not have to spend the time and money on recruitment. ...
Effective employee retention begins with interviewing, screening and hiring. ... But many companies do not conduct effective exit interviews, if they do exit interviews at all, with employees who resign. ... Effective training is not a cost, but rather an investment in the companys future. ... They must understand that employee turnover and recruitment costs far more than proper hiring and training aimed at increasing employee retention. ... It also results in extremely low employee retention. ... At the same time, it can and should be the most effective and cost-free recruitment tool. ... It is in this light that we must focus on leadership skills to effect employee retention. ...
Companies that have the highest levels of employee retention are employee-driven. ... com/Career/1991/NWW010423man/
Pay attention to staff retention
Network World 4/23/01
Lisa Kosan, Network World
When AT&T outsourced some application development and data center management to IBM late last year, the telecommunications giant cut nearly 500 people from its IT staff. ...
AT&T hasnt run a formal analysis of return on investment, but DAmato is confident that focusing on retention has a big payoff. ...
Thats how its supposed to work, says Beverly Kaye, president of Career Systems International, a retention consulting firm in Scranton, Pa. Kaye, who is helping AT&T develop its retention program, preaches "Help them grow, or watch them go. ... , says retention "is not just something you do when youre scared and the economy is good and they might go.
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