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Employee Turnover – Time To Take It More Seriously?

With an unstable global economy, people become more cautious when considering the option of changing jobs. So, you may think that keeping your staff is a relatively easy task. Even if they leave, it should be fairly easy to replace them. Employee Turnover

However, when the economy eventually recovers to full health, you may have inadvertently put your organisation in a bad position if you only deal with turnover at that time – ie. you could be shutting the gate once the horse has bolted.

Check out the free HRwisdom Employee Attraction and Retention Guide.

If you are still not sure about the importance of keeping the turnover rate low, then these excellent prompts we found by Suzanne Lucas may give you some further food for thought.

Reasons To Keep Staff Turnover Rate Low

The following suggestions were prompted by Suzanne’s insights about the issue of turnover and why every business should continue to take it seriously.

If you don’t have time to train and develop now, do you think you will have the time in the future? You may think that people with the good academic qualification and qualified skills are the best employees for the job. However, it is usually those who fit in the culture of the organisation and has good learning skills that are most valuable for your organisation. But it takes time and money to train these people up for the job.

If you’re not focused on developing and growing your staff now, you won’t have time to do it when they have the chance to work somewhere else once the economy is running at full speed.

 

Employee Turnover - Time To Take It More Seriously?

 

A bad economy means only the best can afford to leave. A bad economy doesn’t mean that organisations aren’t hiring, what it means is that they will only hire the best. Hence, if you’re not working hard to keep your employees, your best ones will find new jobs and leave.

The best way to find good candidates is through networking. When you hire, you’ll start by asking your current employees for referrals. You’ll only get good referrals if they feel it’s a great place to work. Think about the ‘BBQ effect’ – who would stand around at a BBQ at suggest to their friends that they should join their workplace if it’s a place that they don’t like?

If you want to make sure you have some good future candidates in your recruitment pipeline, you’ll need to keeping working on keeping your staff engaged and motivated.

If you are not putting in the effort to keep your best employees, you may find yourself in quite a predicament when the day comes that they start to walk out the door.

To find out more of Suzanne’s HR ideas, visit her website here.

Free Employee Attraction and Retention Guide

While you’re here, feel free to check out the free HRwisdom Employee Attraction and Retention Guide – it is an excellent resource for any business.

In the comprehensive free guide, top management practitioners offer you their best employee attraction & retention advice.

Click here to download the Employee Attraction and Retention Guide.

How To Connect HR & Marketing For Better Employer Branding

If you are in a business that wants to find and attract high quality people who may be at risk of choosing to go to your competitor – you need to consider the impact of your employer branding. Employer Branding

Today we’re sharing an interesting slideshare presentation which lists 27 best practice insights to help you with your employer branding.

Presentation On Employer Branding

Below is the Kelly Group’s presentation The Insider’s Guide To Employer Branding – 27 Employer Branding Best Practice Insights.

The presentation was built after a group of employer branding experts were brought together in one room and asked to come up with clear advice for other businesses. This group opened up and revealed their previous successes, mistakes and suggestions for the future.

Here’s how the report summarises the situation:

The employer brand has become fluid, responsive and an ever-changing conversation between organisations, employees, candidates, and the media. The new age of employer branding has created additional challenges and opportunities for HR and Marketing staff, as well as for leadership teams that want and need the best talent for their businesses. By understanding the current environment and trends in employer branding, HR, Marketing and leadership teams can learn to adapt their strategies to influence rather than control, and to guide rather than dictate.

If evolution is the only successful strategy, employer branding will continue to evolve, and it’s only just beginning.

If you think your colleagues would could benefit from some of these employer branding tips, share this presentation with them now.

Employee Termination: Drawing The Line

No one likes terminating staff. It is an outcome that employees hate to face and it’s an action that many employers hesitate to take.

Would you move to employee termination on the basis of abusing social media, taking frequent breaks, or missing too many days of work? They are probably not serious issues if they only happen once or twice but they deserve your attention if they occur on a regular basis.

employee termination

The big question is then how do you draw the line between giving your staff member a well deserved second chance verse getting them out of your organisation?

There is no easy answer but today HRwisdom shares with you some insights from Toddi Gutner, an award-winning journalist, writer and editor, about what actions you may take to keep the performance of your staff on track as well as help you to make a more informed decision of whether you should terminate a specific staff.

Click to get access to employment termination documents.

Drawing the line

Set expectations up front: You need to have clear policies and procedures about what employees can and cannot do. Specificity is the key. Argument occurs when you provide ways for ambiguity and questioning. Also, employees should be informed about exactly what is expected of them. This means that you want to focus on performance with quantifiable goals. With clear expectation, your employees perform better and you also have a better sense of where your staff are up to.

Hold employees accountable: once an employee knows the rules and is given fair warning, he or she must be held accountable. For example, if you have a policy that allows a maximum of four unexplained absences. You need to discuss with them about the issue the first time instead of the fourth time. This sends a clear message that you know they’re not at work — you care about them but that you need them to get the job done.

These actions can help you manage your employees’ performance as well as giving you a better idea of when termination should be considered.

To read the full article, go here.

Click to get access to employment termination documents.

Good HR Video On The Biggest Mistakes Made By Leaders

At HRwisdom we enjoy sharing good information and thought-provoking discussions. Good HR Video

Today we are sharing a good HR video from Harvard Business Publishing on the biggest mistakes made by leaders.

You may also like the follow videos too:

The Importance Of Staff Training (a very funny 40 second demonstration)

Excellent Presentation On What Motivates Employees & What Demotivates Employees

In the meantime, here’s the good HR video on the biggest mistakes made by leaders . . .

Good HR Video

Finally, if you’d like something short and sweet (not a video), you may like to take a look at this light-hearted HR policy development.

HRwisdom

The Importance Of Staff Training (Funny 40 Second Video Demonstration)

The Importance Of Staff Training (A Very Funny 40 Second Demonstration)

The first two steps to developing a high-performing work team are: Importance of Staff Training

  1. Hiring the right people for the right role, and
  2. Training and developing the people to help them succeed in their role.

In today’s HRwisdom Blog post, we are sharing a hilarious video demonstration of the need to hire the right people for the right role and on the importance of staff training.

Free Resources For HRwisdom Readers

Before we begin, don’t forget to see the current excellent free bonuses available to HRwisdom readers.

Click on one below (or both) . . .

  1. Free E-Learning Unit (choose one from a range of units).
  2. Free use of an online LMS system (Learning Management System).

Make sure you take advantage of these offers before they are removed. 

There are even more special bonuses available – see the HRwisdom home page.

Now, over to the short video which demonstrates the importance of staff training.

We had to share that one.

Importance Of Staff Training – Free Resources

Again, don’t forget to see the current excellent free bonuses only available to HRwisdom readers.

Click on one below (or both) . . .

  1. Free E-Learning Unit (choose one from a range of units).
  2. Free use of an online LMS system (Learning Management System).

Make sure you take advantage of these offers before they are removed.

HRwisdom

 

Controversial – Countries With The Best And Worse Management Practices

The Controversial List – The Countries With The Best & Worst Management Practices

Today we are looking at a controversial study which claims to have identify which countries have good managers and which have countries aren’t looking so good. Best and Worst Management Practices

Don’t forget to click here to collect your free staff management goodies while they are still available.

But before we see whether your country has the best or worst management practices, let’s take a quick look at what David James had to say in the Business Review magazine about Australian management:

[quote] Some Important Definitions . . . Managers: Long suffering martyrs who have had absolutely nothing to do with Australia’s sharp drop in productivity. The sun was in their eyes. They weren’t ready. The other side cheated (by being better). Unions: A bunch of wicked vampires who destroy quality management in Australia, despite inhabiting less than 20 per cent of the workforce. True, managers run 100 per cent of the workforce, but it is still unions’ fault. Obviously.[/quote]

The Best And Worst Management Practices

So back to the controversial management study

The study comes up with ten conclusions on management practices in different countries:

  1. Firms with “better” management practices tend to have better performance on a wide range of dimensions: they are larger, more productive, grow faster, and have higher survival rates.
  2. Management practices vary tremendously across firms and countries. Most of the difference in the average management score of a country is due to the size of the “long tail” of very badly managed firms. For example, relatively few U.S. firms are very badly managed, while Brazil and India have many firms in that category.
  3. Countries and firms specialize in different styles of management. For example, American firms score much higher than Swedish firms in incentives but are worse than Swedish firms in monitoring.
  4. Strong product market competition appears to boost average management practices through a combination of eliminating the tail of badly managed firms and pushing incumbents to improve their practices.
  5. Multinationals are generally well managed in every country. They also transplant their management styles abroad. For example, U.S. multinationals located in the United Kingdom are better at incentives and worse at monitoring than Swedish multinationals in the United Kingdom.
  6. Firms that export (but do not produce) overseas are better-managed than domestic non-exporters, but are worse-managed than multinationals.
  7. Inherited family-owned firms who appoint a family member (especially the eldest son) as chief executive officer are very badly managed on average. Click to tweet this finding.
  8. Government-owned firms are typically managed extremely badly.
  9. Firms with publicly quoted share prices or owned by private-equity firms are typically well managed.
  10. Firms that more intensively use human capital, as measured by more educated workers, tend to have much better management practices.
  11. At the country level, a relatively light touch in labor market regulation is associated with better use of incentives by management.

Before we show you the list and before you get a little hot under the collar, we should point out that the study was conducted by British academics.

The List Of Countries With The Best and Worst Management Practices

Don’t forget to click here to collect your free staff management goodies while they are still available.

The countries in the report are listed from best (at the top) to worst:

  1. United States
  2. Germany
  3. Sweden
  4. Japan
  5. Canada
  6. France
  7. Italy
  8. Great Britain
  9. Australia
  10. Northern Ireland
  11. Poland
  12. Republic of Ireland
  13. Portugal
  14. Brazil
  15. India
  16. China
  17. Greece

How did your country fare?

Don’t forget to click here to collect your free staff management goodies while they are still available.

HRwisdom

Presentation – What Motivates Employees & What Demotivates Employees

Excellent Presentation On What Motivates Employees & What Demotivates Employees

Today we are sharing an excellent presentation which helps to answer the common management questions of what motivates employees and what demotivates employees. What Motivates Employees & What Demotivates Employees

The speaker, behavioral economist Dan Ariely, briefly outlines a number of experiments that relate to human motivation.

Dan then links them back to the workplace with excellent suggestions for all organisations to consider.

Karl Marx even appears briefly too (well, his philosophy anyway).

While you’re here, don’t forget to check out the current HRwisdom Bonuses only available to readers of the HRwisdom Blog.

Let’s watch . . .

What Motivates Employees & What Demotivates Employees

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How To Benefit From Team Building Events

How To Benefit From Team Building Events

At HRwisdom, we often look at how to motivate and engage staff. Today, we have a guest article which looks at  how to benefit from team building events.

How Businesses Can Benefit From Team Building Events

Team building is not a new phenomenon but an increasing number of businesses are only just discovering the benefits that team activities can bring. How To Benefit From Team Building Events

Team building’s effect is two-fold: it not only stimulates personal development in employees but the day can also have a lasting impact on the business in the form of improved productivity and motivation.

In fact, the benefits of team building are having such an impact that some businesses are incorporating team building as part of their standard curriculum, making it a regular outing every month or two months.

If you’re out of the loop, you may be wondering just what makes team building such an important part of business. Here’s a handful of reasons.

Leadership

Most team-building activities involve solving a problem; from creating a structure from scratch or eliminating an opposing team at paintball. From a business perspective, it is interesting to see which members of a team step up to the leadership plate in this type of environment.

Through observation, managers can also identify particular talents like delegation, planning and other individual skills that may emerge. By letting this expertise blossom on a team day and bringing them back to the workplace, businesses can benefit from the use of these skills in an office environment.

It’s not just businesses that can reap the benefits. Certain team-building activities can foster confidence, energy and creativity in a team as well as giving people the chance to learn personal information about each other. By establishing a rapport between team members that may not have bonded before, people could be willing to work in a more amicable way in the office.

Motivation

Further to building rapport, team members can have a tendency to help each other more when a problem needs to be solved. On a team-building day, an environment is specifically created, helping people to work together to achieve a certain goal or objective. This can be useful when brought back to the workplace as working together to reach a target is a key objective for many businesses.

Motivation to solve tasks not only helps achieve personal goals but also improves business performance. Think of your company as a machine with a lot of little cogs that need to turn for the business to move forward. Regular maintenance and calibration is needed for the machine to improve; it’s the same for your workers.

Team-building activities can also help foster innovation; a key trait for any business looking to grow. SmartBlogs suggests you might even be “surprised at the innovations and improvements that result from all that collaborative brainpower” let loose in an environment outside the office.

As we can see, there are more than a few reasons to embark on a regular team-building day. Throwing a spanner into the predictable pattern and routine of the workplace may return dividends at the end of the financial year in the form of trust, performance and the understanding of a team’s strengths.

HRwisdom

Written by Blue Hat (www.bluehatgroup.co.uk). Bluehat Group is a multi award winning team building organisation. They specialise in live events with particular emphasis on communication, motivation, learning and performance related outcomes. 

What Does ‘Reasonably Practicable’ Mean In Australia’s Workplace Health & Safety Act? [& Free WHS Guide]

What Does ‘Reasonably Practicable’ Mean In Australia’s Workplace Health & Safety Act? [& Free WHS Guide]

Many Australian business managers and HR professionals have struggled with the question of what is ‘reasonably practicable’ when it comes to the national model workplace health & safety obligations? What Does 'Reasonably Practicable' Mean

The Workplace Health & Safety Act requires that everyone is given the highest level of health and safety protection from hazards arising from work, as far as ‘reasonably practicable.’

There are a number of factors to consider when deciding what ‘reasonably practicable’ actually means.

NEED SOME HELP WITH YOUR DUE DILIGENCE OBLIGATIONS? 

Click here to get a free half-hour telephone consultation with a safety expert to analyse your due diligence obligations. You’ll be able to ask questions and leave with a customised due diligence action plan to use straight away to protect your business. Click Here To Get Your Free Due Diligence Action Plan.

Here’s what the Government has to say about what is ‘reasonably practicable’ when it comes to the employer’s workplace health & safety obligations:

  • „The likelihood of a hazard or risk occurring (in essence the probability of a person being exposed to harm).
  • „The degree of harm that might result if the hazard or risk occurred (in essence the potential seriousness of injury or harm).
  • „What the person concerned knows, or ought to reasonably know, about the hazard or risk and ways of eliminating or minimising it.
  • „The availability of suitable ways to eliminate or minimise the hazard or risk.
  • The cost of eliminating or minimising the hazard or risk. Costs may only be considered after assessing the extent of the risk and the available ways of eliminating or minimising the risk. Ordinarily cost will not be the key factor in determining what it is reasonably practicable for a duty holder to do unless it can be shown to be ‘grossly disproportionate’ to the risk. If the risk is particularly severe a PCBU will need to demonstrate that costly safety measures are not reasonably practicable due to their expense and that other less costly measures could also effectively eliminate or minimise the risk.

Finally, if you are looking for more information on the national model workplace health & safety legislation, download the government guide here.

Remember To Get Your Free Due Diligence Action Plan

Click here to get a free half-hour telephone consultation with a safety expert to analyse your due diligence obligations. You’ll be able to ask questions and leave with a customised due diligence action plan to use straight away to protect your business. Click Here To Get Your Free Due Diligence Action Plan.

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Value Chain Analysis For Business Growth

Value Chain Analysis For Business Growth

At HRwisdom we examine different management theories from time to time. Today, HRwisdom contributor Francis Santos is looking at value chain analysis for business growth.

Don’t forget to access all your free resources and bonuses here now.

Over to Francis . . .

How to Enjoy a Competitive Business Edge With Value Chain Analysis 

The business decisions of small and medium-sized companies have a tremendous impact on their competitive standing, profitability, and sustainability. The Porter Value Chain, or value chain analysis, enables these organizations to formulate strategies that help them make more effective decisions. This post will explain what the concept means and how it comes together with the right tools.

What is Value Chain Analysis?

A value chain is essentially an abstract link comprised of all the value-creating activities an organization may engage in. Value Chain Analysis For Business Growth

Depending on the organization, these activities may range from the procurement of raw materials to marketing and delivering the end product or service to customer relations and providing after-sales support. The objective of these activities is not merely to deliver a product or a service to the customer, but create and enhance the value to the point where it will ultimately translate into greater revenue for the company.

Carving Out the Competitive Edge

There are distinct inter-relationships between the wide array of activities in this so-called value chain, including the research and development efforts, procurement of supplies, production line components, marketing, sales, and all the different IT systems that record data about these activities. The challenge for the organization in the center of this madness is maintaining these links and integrating all the activities they support in a single strategy. This is an immensely complex task, but it is also the key to gaining that competitive advantage we mentioned.

The Porter Value Chain concept aims to simplify the grueling aforementioned process by helping the company break down their core activities to better understand the intricacies and the inter-relationships between the distribution channels, the pricing policies, product differentiation approaches, selling propositions, and various other segments within the chain. This in-depth knowledge helps them evaluate how each activity can be improved via cost reduction and/or product differentiation to increase revenue prospects and enhance the user experience.

The Importance of Analysis

A growing number of businesses are feeling the burden that comes with keeping their supply chain in check. According to the findings of a study conducted by Deloitte and published by The Wall Street Journal, executives in companies across multiple industries agree that it is becoming increasingly difficult to manage their extended value chains —  the networks of external vendors, distributors, and customers they depend on to thrive. The most critical problems center on the collaboration between the various links in the supply chain and the absence of end-to-end visibility in the entire product life cycle, the survey found.

There is room for improvement in businesses of all size, from virtually all industries. Unfortunately, this simple aspect is often lost on of some of the most influential figures in the organization. Value chain analysis essentially acts as both a blueprint and a checklist to help companies discover and overcome strategic limitations of activities like those mentioned above and thus be able to devise more focused competitive strategies and implement them more effectively. It gets the attention of key stakeholders and helps them see the value in this added visibility.

Tying It Together with the Right Solutions

Despite its growing importance, the market for value chain analysis tools is thinner than some organizations would like. However, there are a few options. Carrying out  an effective and comprehensive analysis exercise requires real-time access to information and the ability to process these humongous chunks of data within extremely short periods of time. For this reason, some of the best solutions for value chain analysis are the big data systems companies are using to handle the influx of structured and unstructured information. Vendors such as Quantum, Microsoft, and even hardware maker Intel are carving out systems that helps firms conduct proper analysis and clinch that oh-so-important competitive edge you keep hearing about.

Value chain analysis is a powerful tool. Give it the respect it deserves, and it can be highly effective at helping you uncover ways to create and maximize value for both the customer and company alike. By taking an integrated approach to business, it supports improvement from the marketing and delivery of goods to superb customer service after the fact. It can be a challenging endeavor, but with the right tools and sound planning, it’s one that will pay off for some time to come.

Where does your business stand on value chain analysis? Are you pursuing it, or still in the dark?

Sources:

http://deloitte.wsj.com/cfo/2013/02/27/executives-see-growing-supply-chain-risks-costlier-disruptions/

HRwisdom

Francis Santos is the Marketing Manager for Benchmark Events. He graduated from Cal State Long Beach and holds a degree in Journalism. In addition, he is also the executive editor for separate popular news blogs. Follow him on Twitter.

Don’t forget to access all your free resources and bonuses here now.

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