The management of meaning, mastery of communication, is inseparable from effective leadership. We haven't failed. We now know a thousand things that won't work, so we are much closer to finding what will. An article in the Winter 2000 issue of Benefits and Compensation Solutions magazine reports that employee retention is a major issue for approximately 80 percent of Fortune 1000 companies. And while about half of those companies are planning to offer generous compensation packages next year as a way of keeping their best and brightest, most employees report that they feel more long term loyalty not because of money, but because of feelings of accomplishment, achievement, contributing to something larger than themselves, and similar factors.
Every job contains repetitive tasks which employees find boring.
Offset the repetition by making sure employees feel challenged by new and interesting tasks. One way of ensuring this is through professional development plans written with each employee that guides the course of his or her employment. Providing employees with information about their own performance can lower their anxiety about the future and let them focus on achieving goals. Also, giving them information about how the company is doing can provide a greater sense of belonging and trust. Look for ways to communicate as openly and honestly as possible.