Emphasizing engagement has helped the privately owned company post double-digit revenue growth each year from 2004 through 2011.
The company's short-range goal is to use coaching to boost the bottom line through cost savings and more efficient operations. Longer term, it's hoped that coaching will supplant the annual ritual of performance reviews.
Covance Inc. is among the companies using software to help employees and mentors connect. The program Mentor Scout enables pairings based on mutual professional interests.
It may not always be a straight-line connection, but managers exert great influence on whether top performers stay or go.
It's logical to conclude that poor managers are at the heart of the problem, says Richard Finnegan, co-founder of the Retention Institute and author of Rethinking Retention in Good Times and Bad.Read More
A new report produced by advisory firm Bersin & Associates of Oakland, California, notes that companies replenished their training staffs and thus enabled employees to pursue career development put off during the recession.
A new SHRM survey, ‘Global Competition and Hiring Strategies,' marks the third and final survey in a series by SHRM that explores the ongoing impact of the recession. Read More
Business results were 21 percent higher among organizations whose senior leaders ‘very frequently' make an effort to coach others, according to the Bersin & Associates study.Read More
Companies this past year began hiring replacements for laid-off workers, but the percentage hiring for new jobs took a nosedive.Read More
Thirty percent of employees say they were ineffective for at least one week due to job-related stress, while two-thirds of U.S. workers reported extremely high stress levels, including fatigue and feeling a ‘loss of control.'Read More