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Add You - Is Turnover Back in Vogue? One Trend to Pay Attention to in 2005
When I consult with business owners about finding new clients, I often discover it isn't that they don't know how to market that's holding them back, it's that they don't make the time to do it."I just can't find the time," they tell me. They're so busy running their business, they're not growing their business. They work in their business, not on it.I call this the "Lone Ranger Syndrome." The need to do it all yourself. I know all about this syndrome because I used to have it. As a perfectionist, I thought no one wou
If the surveys are a realistic indication of what we can expect, the q
Have you ever refused a job or an order because your business didn’t have enough capital to purchase the supplies or hire the extra staff? You build a good reputation, have good workers and then when you finally get a nice big contract, you have to turn it down because all your money is tied up in accounts receivables. You know the bills will be paid, but they aren’t due quite yet so you are the one who suffers because of cash flow problems.If you have customers who are established, are good credit risks and almost always pa
Many companies have taken credit for the lower level of voluntary turnover that they have enjoyed during the last few years. Although some improvements in turnover are based on positive actions that companies have taken, others appear to be strictly related to the fear of employees to look for other jobs when our economy is limping along. We believe that the old adage, “the devil I know is better than the devil I don’t know”, is a major influence in why employees have stayed where they are for the time being.
If the surveys are a realistic indication of what we can expect, the qu
Expatriates and foreign nationals who relocate to the United States to live and work often have mixed perceptions about this young nation. Those feelings are probably best described by the late Irish poet and playwright, Oscar Wilde, who referred to America as “a land of unmatched vitality and vulgarity.”While most Americans rarely think of their country as “foreign,” the fact is that non-Americans who relocate to the United States to do business and “do lunch” are often surprised to find they experience a severe case of “corporate cult
Many companies have taken credit for the lower level of voluntary turnover that they have enjoyed during the last few years. Although some improvements in turnover are based on positive actions that companies have taken, others appear to be strictly related to the fear of employees to look for other jobs when our economy is limping along. We believe that the old adage, “the devil I know is better than the devil I don’t know”, is a major influence in why employees have stayed where they are for the time being.
If the surveys are a realistic indication of what we can expect, the q
A good amount of time and effort will be required to secure appropriate sponsorship for your meeting or corporate event. This being the case, it is important to start your planning process early. Beginning this process as much as 18 months in advance of a planned meeting date is not unrealistic.You may want to consider aligning potential sponsorships with your corporate vision, values, strategy, brand promise and reputation.Where to look for sponsorshipYour strongest prospects are going to be the people you do business wit
Many companies have taken credit for the lower level of voluntary turnover that they have enjoyed during the last few years. Although some improvements in turnover are based on positive actions that companies have taken, others appear to be strictly related to the fear of employees to look for other jobs when our economy is limping along. We believe that the old adage, “the devil I know is better than the devil I don’t know”, is a major influence in why employees have stayed where they are for the time being.
If the surveys are a realistic indication of what we can expect, the q
Have you noticed how suddenly everyone’s kissing. I’m not talking continental kissing, pecking one cheek, and then the other. I mean a bit of a hug then a kiss on the cheek or the side of the face at least. And it’s not just extended family and very close friends here. Though certainly they’re at it too. No, I mean kissing in a business context. Seems to me the rule is, if you have ever met the person before even just once, then you greet them with a kiss. Male-female kiss, yes. Female-male kiss, sure. Female–female absolutely. Male-ma
If the surveys are a realistic indication of what we can expect, the q
A company’s board of directors can play an important role in determining the kind of funding a public offering receives. If going public is your goal, the selection of board members should be given especially careful consideration.The board of directors serves a couple of important functions for a company that has gone public or plans to in the near future. First, the selection of particular board members can send a signal to investors regarding the quality of a company and the expertise behind the scenes. A board that is composed of
If the surveys are a realistic indication of what we can expect, the question arises: what should companies do now to thwart a big increase in turnover of trained employees seeking better opportunities? Our experience has shown that there are five (5) key steps that a company can take to generate positive results. These steps are:
1. Clarify the Compensation Philosophy – What is the labor market that the company needs to compete against for qualified employees? What is the level that the company should pay against that market? What is the best mix of pay elements for their employees? Is the pay program consistent with its Business Plan and Marketing Strategy? Addressing these questions will help the company establish a baseline against which to benchmark pay and pay practices, and establishes the company’s commitment to its compensation programs.
2. Review the Procedures for Determining Pay – What are increases based on? How will they reward varying contributions of employees doing the same job, but at different levels
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