Just 76 percent of organizations surveyed say they are successful at retaining star talent yet stubbornly high unemployment has lulled companies into believing they no longer need to be aggressive in recruiting and retention, according to a Sibson study.Read More
Companies may measure it, but shared accountability for engagement remains an exception, not the norm, according to a July global workforce study of 32,000 workers by New York-based consultancy Towers Watson.Read More
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