Case Study

Employee retention is most critical issue facing corporate leaders as a result of the shortage of skilled labor, economic growth and employee turnover. This site explores all aspects of the workforce stability issue in the face of unprecedented churning in the employment market with a focus on retaining your employees. This is one of the hottest topics for corporate leaders in all fields in the United States and globally. Struggling with uncontrolled turnover? We can help. Designed to provide employers--executives, managers, and human resource professionals--with a wide range of tools to control employee turnover, this site offers a wide range of products and services to help you to build retain your most valuable players... and profit. Workforce stability can be your competitive advantage in these turbulent times. Today's labor force is different. Supervisors must take responsibility for their own employee retention. If they don't, they could be left without enough good employees.

A wise employer will learn how to attract and keep good employees, because in the long run, this workforce will make or break a company's reputation. What's Different? New supervisors must be prepared to be collaborative, supportive, and nurturing of their people. The old style of "my-way-or-the-highway" style of management is a thing of the past. Most new supervisors need training to understand what it really takes to retain employees. Employee retention involves being sensitive to people's needs and demonstrating the various strategies in the five families detailed in Roger Herman's classic book on employee retention, Keeping Good People. Want to know what's happening right now in recruiting, on boarding, and retention? In this easy-to-read document, you'll learn about the real nature of this skilled labor shortage-no longer "impending." You'll discover that more than half of the metropolitan statistical areas in the United States have flipped and are now sellers' markets.  Want to know what's really coming next? How long do you think good, talented people stick around at places that treat them like draftees? Not long. David Russo explains why employees are your most valuable asset -- by far. This chapter is from the book 17 Rules Successful Companies Use to Attract and Keep Top Talent: Why Engaged Employees Are Your Greatest Sustainable Advantage. The question is, why are some of our best employees choosing to leave and what is being done? Most of us believe our employees leave us for money reasons. How many times have you said, “If only I could have paid her more, she would have stayed.” Yes, you’ve lost people because of money, but the majority of contemporary research finds that people leave for one major reason and several subordinate ones. pdf-file.

Questions:

1.      What is the status of retention in the new millennium?

2.      How turn over is related to employee retention?