Category: Management And Strategy

How To Prevent High Staff Turnover?

Any organization that experiences high turnover, especially persistent high turnover, tends to spend a lot of time, money and 4622501_blog-300x300resources training personnel and getting new hires up to speed. We tend to get attached to those who come through our ranks and make training, quality expectation, and management easy.

If we are not careful, we may tend to grow attitudinal towards those who “make our job harder”, who may not have the same natural fit as our last favorite employee, or who may require basic training, whereas the last trainee ‘got it’. These predispositions can sabotage our ability to create an attractive workplace for employees.

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Awards And Reward Is Business Strategy

Companies seeking credibility, a leading edge over compe­tition, favorable publicity, and a way to accelerate sales are gaining value reward managementfrom award contests that reinforce their core values, strategic initiatives, and marketing claims.

Just as travelers rely upon the star rating system to choose a hotel or a local guide to choose a restaurant, buyers of any variety of products and services want to spend their money with winners — and they do.

In fact, a research study by Hendricks & Singhal of the University of Western Ontario and Georgia Institute of Technology, revealed more than 600 quality corporate award winners had 37% more sales growth and 44% higher stock price return than their peers. Continue reading “Awards And Reward Is Business Strategy”

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