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The big story now hitting the employment market is employee retention. The New Economy is making outsourcers out of former employees, and the entire job market is changing. Employee surveys are being used regularly in the US as a “barometer” of pressures and influences on staff. The results aren’t always what businesses expect, either.

The big issues for employers

The new job market is changing so rapidly that keeping up with the options can be difficult. The New Economy is creating a very different dynamic to the old career progression. New graduates can go into business for themselves with an internship and a good professional portfolio, usually generated during the qualification years.

All of which leaves businesses in a difficult position, trying to compete with New Economy entrepreneurs for new skilled workers coming on the market while retaining their skills and knowledge base. Retaining staff in such a fluid market isn’t easy, particularly for businesses where technical and professional skills are the core business issues.

Employee retention strategies

The new business reality needs strategic planning. This means specific employment schemes and management initiatives to both retain and attract staff.

These schemes are created on a systematic basis, involving these elements:

• Employee opinion surveys
• Leadership effectiveness surveys
• Team effectiveness surveys
• Sales effectiveness surveys

Specific employee retention strategies are built on this information. This is a targeting methodology, identifying key skills and knowledge bases integrated with business plans.

How employee retention works

This can be a very productive, as well as profitable process. It’s becoming one of the main features of upmarket businesses, locking in career progression and incentives while simultaneously optimizing business organizational and operational needs.

For example:

A sales team is the primary focus of concern for a major car distributor. This is a highly competitive industry, and good sales people really don’t grow on trees.

The employee survey indicates some issues for the sales team:

• Lack of incentives in the areas of commission and retainers
• The team structure has a lot of salespeople, but only one main manager, who has to deal with their issues on a daily basis.
• Lack of clear career paths in the organization. Salespeople basically remain salespeople.

The Leadership, Team and Sales effectiveness surveys bear out the employee survey. It’s an outdated (circa 1980s) organizational structure. It doesn’t make the best use of skills and experience. It doesn’t reward initiative and it creates management bottlenecks in dealing with team and individual issues.

The solution is simple, but elegant:

The sales team is broken up into 5 sales teams

• Five senior, respected sales people become team managers reporting to the main manager.
• Commission bonuses are introduced on specified sales targets.
• Staff are encouraged to use their initiative to lock in distribution deals on a measured basis,
• Retainers are increased on a percentage basis of sales per year.
• Employer-sponsored training schemes and incentives are introduced for sales staff to develop key business management skills and provide a clear career path inside the organization.

The result:

• Profits increase thanks to the new sales initiatives
• Management bottlenecks in the sales team disappear
• All staff take up the qualifications options, adding to the skills base

That’s the really good news about staff retention – It works.

Communication is one of the basic functions of management in any organization and its importance can hardly be overemphasized. It is a process of transmitting information, ideas, thoughts, opinions and plans between various parts of an organization.

It is not possible to have human relations without communication. However, good and effective communication is required not only for good human relations but also for good and successful business.

Effective communication is required at various levels and for various aspects in an organization such as -

For manager – employee relations:
Effective communication of information and decision is an essential component for management-employee relations. The manager cannot get the work done from employees unless they are communicated effectively of what he wants to be done? Most of management problems arise because of lack of effective communication. Chances of misunderstanding and misrepresentation can be minimized with proper communication system.

For motivation and employee morale:
Communication is also a basic tool for motivation, which can improve morale of the employees in an organization. Inappropriate or faulty communication among employees or between manager and his subordinates is the major cause of conflict and low morale at work.

For increase productivity:
With effective communication, you can maintain a good human relation in the organization and by encouraging ideas or suggestions from employees or workers and implementing them whenever possible, you can also increase production at low cost.

For employees:
It is through the communication that employees submit their work reports, comments, grievances and suggestions to their seniors or management. Organization should have effective and speedy communication policy and procedures to avoid delays, misunderstandings, confusion or distortions of facts and to establish harmony among all the concerned people and departments.

Importance of written communication:
Communication may be made through oral or written. In oral communication, listeners can make out what speakers is trying to say, but in written communication, text matter in the message is a reflection of your thinking. So, written communication or message should be clear, purposeful and concise with correct words, to avoid any misinterpretation of your message. Business writing software with grammar checker and text enrichment tool, which enhances a simple sentence into more professional and sophisticated one, can be used for writing effective business communications.

Science will take care of us, while money may not be able to keep us, that’s the message our parents first. Whether any of expertise, which obviously you have to have it. You will be more useful and appreciated by society because they have expertise.

As a simple example, if you master the field of computers then you can empower your abilities and skills, not just to survive, but perhaps as a permanent business opportunity that you can develop and you can even pass on to their children and grandchildren someday. Why not?

Okay if you just think this now makes the limited opportunities to survive and to remain productive while looking for a career opportunity in one of the companies that you think suitable for the interests and expertise you have. Opportunities that you can do based on your ability in the field of computers is with a private tutor to various schools, institutions, companies or individuals. Your ability in a particular subject also to your advantage. Moreover, you master a subject that is generally considered difficult. It’s also a chance and opportunity. Being tentor also does not require much capital. The most crucial for you to have is a communication tool that can be reached wherever you are. In addition, you certainly have to prepare the syllabus and curriculum may also be appropriate to the needs of your customers. You can also put up flyers in shops, food stalls, walls, public announcements, and so forth. Create a need, people will not need if you do not advertise it.

When you get a good response, it is not possible you will be able to provide business opportunities for your colleagues who also is experiencing the same problem with you. For that, create a network so it will be very beneficial for you and your colleagues. This simple example, suppose you are asked to give lessons in the hours that conflict with your schedule, then you cans pass That Tell someone available at the time. Thus, with prior agreement of course, you can get a fee from someone you know it. But it would be great if thinking like this, remember a wise message; reap what you plant.

If you have a network which not only mastered the field of teaching that is similar to the skills you mastered, then you can also benefit from this. Simply this, if you do not have French language skills, while you know someone who is able to master these skills, then you can put it in the media that you distribute brochures earlier. So any time there is a need tentor French language, you can throw it to someone you know it. Like the other service sector businesses, the service you provide is everything. It can also be a special ad for you because satisfied customers will recommend you to their acquaintances. Also, always had a positive thought because with it, you will smoothly communicate with your customers.

If you intend to continue your efforts, it would be very good because you will open job opportunities for some people. You can hire professionals in their respective fields and also contribute to the tax revenue that the slightest. Your Business licenses it also must be registered with the Ministry concerned.

That is one opportunity that you can do to survive or have a side business in times of crisis that seemed to stand still overshadow this beloved country. There certainly are many opportunities that you can do. To be sure, do not ever give up.

Just because your employer is protecting you with worker’s compensation cover, does not mean that you should disregard income protection insurance. There are many people out there who believe their worker’s compensation is more than enough. Income protection is something you must instigate yourself, and is beyond what you are covered for with worker’s compensation. A look at the issue.

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