Retention

You invested a lot of time, energy, and money bringing on that new employee. They show up on that first day ready for your orientation doing their best to disguise their nervous anxiety. Feeling a bit anxious yourself, you want to get them up and running as quickly as possible so as to maximize your ROI. After all, you need to prove to yourself and your team that you made a great hire. As the day draws to an end, you begin to reflect on how things went on Day #1. But it's

Firing an employee is a task that no manager enjoys, but one that often appears inevitable. Yet it's a proven fact that hiring a replacement employee will cost a great deal more than retaining the one you have, if that individual can be deemed salvageable. That's why it's imperative to have a checklist of questions you ask yourself prior to pulling the trigger on your expensive turnover revolver. Here are five introspective considerations to include on your checklist: Wer

Michele Klein, HR Manager for Fidelity Exploration and Production (a large player in the booming oil and gas industry) was doing an exit interview with an engineer who was leaving to take a similar job with a competitor. As her final question, she asked, "If we had known that you were thinking about leaving several months ago, would there have been anything we could have done to keep you?""Absolutely." the engineer replied. "I didn't realize that you had bigger plans for me.