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"What Can I Do?
(And Can I Afford It?)"
Reward & Retention
We all need to hire good people and to keep the good people we've got. Study after study tells us that we can expect a dramatic labor shortage in the next five to ten years. As the boomers retire and fewer people enter the workforce to take their place, it will become increasingly harder for organizations to satisfactorily staff to meet the demands of the market. Money will only go so far in attracting and retaining talented staff. But there are a number of other steps we can take to keep our best employees, and most of them don't cost a cent.
What Can I Do? (And Can I Afford It?) outlines proven techniques to reward and retain valued staff, and ways to make more of your employees assets to your organization. Implementing these five steps can stem turnover and reward your top performers. They will make recruiting easier and less expensive, as the best talent will be looking for you.
Key Topics
- Low or no-cost tactics managers can use to reward staff.
- Retention starts at orientation.
- The role of training in retention.
- A manager's greatest tool to stem unwanted turnover.