Most managers today would agree that people are one of the most critical factors for business success in today's fast-changing world. It only takes a cursory examination of any company's overhead costs to recognize the huge percentage of payroll expenses. Maximizing the value of this investment requires effectively leveraging and utilizing the knowledge, experiences and energy of your valuable employees, who we at Romac refer to as the KnowledgeForce. It is amazing how many times we intellectually understand these facts but only pay lip service to the importance of our people. Stop and think how infrequently most organizations fully address the internal health of their employees.
All organizations realize some amount of employee turnover.
Employee departures or an expanding business base mean that recruitment of new personnel is an ongoing endeavor. Not only is it very important to attract the best professionals for your business, it is also imperative that you retain the top talent currently in your organization. You can begin to accomplish this seemingly simple objective by conducting a solid assessment of the motivators and de-motivators in your company's work environment. Ask critical questions and determine the reasons why employees accept your job offers. Then, with your longer-term employees, find out what makes them stay.