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A Better Workplace --- Meridian Group's Newsletter, Number 27, 1-15-04 | |||
Retention — Tomorrow's Challenge Retention may not be an issue for you today, but recent surveys suggest it will be a big problem for many companies tomorrow. Here's what you can do to cut the problem and improve today's performance. The Coming Exodus
Murphy's column quotes author/consultant Bob Nelson, who suggests 'respect' is the solution. "It's the little things that say 'I trust and respect you.'. . . Asking someone their opinion is a big motivator. . . Getting to know the employees . . " Respect Makes the Difference Begin with Relationships Most managers get to know people informally, as opportunities arise naturally in everyday work. Many companies recognize the importance of building relationships. Maybe you need a more formal process (see http://www.companyculture.com/change/interview.htm ). Whichever way you choose, strengthening relationships improves communications and decisions. It also increases the responsibility and commitment people will bring to their work. Keep It Simple—Say "Thank You" Tell People What's Happening When you know the big picture you feel more involved and you make better decisions. You might not want to go as far as Google, but everybody should know where the company stands, where it is going, the sales picture, about new products and services, and who is moving where and why. Weekly or monthly informational meetings and company newsletters are excellent venues. Inviting managers from different departments to visit and discuss their area, provides information and perhaps more importantly improves communications across divisions. It's so much easier to talk across functional lines when you know the other person. Many Paths Lead to the Land of Low Turnover The retailer Container Store, ranked 3rd on Fortune's "The 100 Best Companies to Work For", is known for its exuberant morale and benefit programs carefully tailored to each person. Voluntary turnover is 9%, a small fraction of the retail industry norm. Everyone a Master and Commander Most people feel undervalued and unappreciated at work. Create a workplace where people experience mastery and command of their task and you stand out clearly in the crowd. The Bottom Line More on Retention Turnover & Retention— Strengthening relationships improves retention and brings big gains in other areas—a striking example. (click on http://www.companyculture.com/topics/turnoverretention.htm What's new with CompanyCulture.com? Our new informational community website for managers, CompanyCulture.com, has now been on-line for ten weeks. It has had thousands of visitors, from all corners of the globe! Google has ranked it a 5 out of 10 for searches on areas such as morale, motivation, company culture, and leadership. This is an unusually high ranking for a new website. Feedback is that some managers are directing new supervisors to pages that will help them do better in their new role. This includes managing meetings, managing participative decisions, and improving communications. I invite you to visit www.companyculture.com and tell me what you think. We need your ideas, suggestions, participation and articles to build the community. I will read your emails with special interest, barry@meridiangrp.net. This Month's "Five Biggest Mistakes Managers Make"
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