Retaining employees is a problem!
Welcome to the September 27, 2006 edition of The Total View
published by Success Performance Solutions, Written by Ira S. Wolfe
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Success Performance Solutions was presented with the 2006 President's Award from Maximum Potential at their annual conference held last week in Minneapolis. The President's Award is awarded to consultants with the highest sales revenues and demonstrated leadership in the employee assessment industry.
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1. Retaining employees is a problem!
According to a recent survey released by Staffing.org, employees may be largely satisfied with their actual position, compensation, and benefits, but attitudes toward their employers, rewards, professional development opportunities and the functioning of HR in the organization all lead to a majority actively searching for new positions.
When asked “Do you have an interest in changing employees?” over 50 percent said maybe, and another 10 percent responded “definitely.” That puts over six out of every ten employees at risk to leave an organization.
Retaining employees is a growing problem. When an organization loses a high performing employee, the cost of that loss goes beyond the monetary hit incurred to replace him or her. The cost is so high that a story about Aetna stated that they add 93 percent to an employee’s first year annual salary to account for the investment in bringing a new employee up to speed. The loss of a skilled employee carries a heavy load: lost productivity, lost available skills and knowledge, and a lost opportunity for future organizational growth.
Why are the best employees leaving? Over one-third identified an opportunity for professional learning and another one-third sought compensation rewards. Another 13 percent was looking for better management.
To add injury to insult, job seekers, the replacement workers applying to fill open positions, overwhelmingly indicated that organizations are failing to treat job candidates well. More than two-thirds of the Staffing.org respondents felt that job requirements and descriptions were unclear. If a job description is unclear, the number of self-selected qualified candidates is overwhelmed by unqualified candidates who are “taking a shot” at a position outside their experience and skill set. Recruiters and managers are simply overwhelmed by the "resu-mess" and often overlook the most qualified inadvertently for the sake of time.
More than 80% of respondents were also unhappy with their interview experiences. Two-thirds were dissatisfied with ongoing and follow-up communications, and again, two-thirds were dissatisfied with the recruiting function of hiring organizations.
To order the full report from Staffing.org:
http://www.staffing.org/Store/estore/detail.aspx?ID=170
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2. Perfect Labor Storm Alerts #576 to 578
Don't miss day-to-day updates on Perfect Labor Storm Blog.
Just Released! Listen to "Trends That Will Change The Way You Do Business" - FREE Download:
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Fact #576: If a full-time Wal-Mart hourly employee elects for single coverage, the employee would have to spend on average 9% of their earnings before the health insurance provided any reimbursement.
Fact #577: If a full-time employee elected for family coverage, an average employee would have to spend 27% of their average earnings before the health insurance covered any costs. (Wal-Mart 2004 Associate Guide and UFCW Analysis).
Fact #578: Wal-Mart can cover the cost of a dollar an hour wage increase by raising prices a half penny per dollar. For instance, a $2.00 pair of socks would then cost $2.01. This minimal increase would annually add up to $1,800 for each employee. [Analysis of Wal-Mart Annual Report 2005]
Don't be caught in storm without all the facts. "The Perfect Labor Storm Fact Book: Why Worker Shortages Won't Go Away" is a must-read leading edge forecast that predicts workforce trends for decades to come. Order your copy today - Only $7.95.
http://www.perfectlaborstorm.com/
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3. CriteriaOne Certification Workshop
"Light years ahead of the competition" says one CriteriaOne participant.
"A must for anyone interested in lowering turnover and improving productivity," says another.
Don't miss the final certification workshop in 2006.
Learn to build an effective interview and selection process through a competency-based job analysis. Align employees with the right skills to meet the competitive demands of your business. Design career paths that motivate employees and increase your talent pool.
More about CriteriaOne Certification, the whole person approach to selecting and managing employees....
http://www.super-solutions.com/criteriaonetraining.asp
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4. New! Supervisor Slip-Ups That Lead to S*xual Harassment Lawsuits
This 35-page report from the B21 Coach Series:
1. Will raise your supervisors' awareness of what behaviors and attitudes provoke s*xual harassment lawsuits
2. Is written in a friendly, respectful, "coaching" voice so supervisors won't "tune out" the way they do with so much other material they're asked to read.
BONUS: Your report also includes appendices containing:
A sample S*xual Harassment Policy
A sample Dating/Fraternization Policy
A sample "Social Relationship" form for non-managerial employees
A sample "Social Relationship" form for managerial employees
Learn more about how to avoid Supervisor Slip-Ups:
http://www.super-solutions.com/B21_SexualHarassmentLawsuits.asp
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5. Quotes from Hire Authorities
Clever people seem not to feel the natural pleasure of bewilderment, and are always answering questions when the chief relish of a life is to go on asking them.
Frank Moore Colby, encyclopedia editor
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6. Get Clues 24/7
Our new Clues store is open 24/7. You can now order Clues attitude and personality reports around the clock. Need to create a new account? Our Clues store allows you to create a new account in minutes. Get ready to test candidates or employees in minutes. Order as few as 5 reports or purchase an annual license. To learn more about Clues and the Clues Store, go to:
http://www.super-solutions.com/JobCluesPersonalityTest.asp
Ira S. Wolfe Copyright 2006 - All Rights Reserved. Reprints and other distribution by permission only.


