EMPLOYEE RETENTION TIPS

KEEP YOUR BEST PEOPLE FROM LEAVING

Imagine--you have been working late to finish an important project when your project manager walks into your office and tells you she has been offered a better job.  As she turns to depart she says, “There are others thinking about leaving too.”

What went wrong? How are you going to finish this project? Who will be next to leave? The dread is starting to sink in.

Surveys show one out of every three people plan on quitting their jobs this year. Employee turnover is having a catastrophic impact on many businesses and industries across the country. The greatest risk employers face is losing their best and brightest.

International business consultant and author Gregory P. Smith is making waves as one of the nation’s top employee retention experts.  His new book, 401 Proven Ways to Retain Your Best Employees, provides practical solutions to promote high employee retention in your workplace.

This book provides loads of practical advice, tips, case studies, suggestions, and examples that not only retain, but also engage and make your people as productive as possible. Facing a growing labor shortage of skilled workers, businesses are placing major importance on employee retention. Money and benefits are important, but most leave for other reasons. Most of those reasons are preventable. No matter what industry you work in, this book provides solutions to attract and retain your best employees and help you become a business place everyone wants to work for.
 

Finding 1:

The average cost to recruit and train one employee is estimated at 2.5 times an employee’s salary.

Finding 2:

It costs $678,000 in recruiting, training and missed sales opportunities every time a SAP sales person quits!

Finding 3:

U.S. businesses spend over $200 billion annually recruiting and replacing their employees. 

You will discover hundreds of proven ways to:

• Reduce turnover costs and create a high retention culture

• Improve cooperation between the Gen X, Y, and the Baby Boomer generations

• Identify and eliminate the major reasons that cause people to quit

• Keep people engaged so they work harder and stay longer

• Get managers to take responsibility for retention

• Develop individuals to their full potential and achieve success on the job

• Use recognition strategies that make people feel appreciated

• Energize your people and improve job satisfaction

401 Proven Ways to Retain Your Best Employees provides a wealth of information, tips, advice, and case studies that allow for quick reference and practical application. Ten years of research has gone into this book.  Smith says, “It is a great tool for busy managers who don’t have time to read dozens of books on theory. It is all here in one small book.”

CHAPTER OUTLINE

About the Author

Greg Smith is the CEO and founder of Chart Your Course International, a performance management consulting company. He has worked in and traveled to 22 countries. He is a former examiner for the Malcolm Baldrige National Quality Award as well as being selected by the Human Resource Executive Magazine as one of the nation's "Top-Ten Rising Stars" in Human Resource Management. He has authored eight books including Here Today, Here Tomorrow: Transforming Your Workforce from High-Turnover to High-Retention.

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