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Wednesday, September 11, 2013

How to Effectively Recruit Top Talent from Within Your Organization

In light of the current job market, most recruiters find themselves inundated by applications for the openings they hope to fill. The problem with this mess of applicants is that a vast majority of them are unqualified, grasping at straws for any job without paying much attention to what those jobs actually entail.

The result is a pile of applications you’re stuck sifting through, wasting your time in search of the needle in the haystack that may or may not exist.

Meanwhile, your organization probably has a largely untapped resource of qualified candidates to choose from. Using your current workforce to fill new openings can have far-reaching benefits. You’ll not only be able to fill positions with talent you know and can vouch for, but can also help create a sense of loyalty among employees.

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Tuesday, August 20, 2013

3 ways to retain and engage your valuable employees

Valuable in-demand leaders are what turn a company from good to great. An organization’s most important asset is its talented, high-performing employees. Companies that prioritize retaining valued employees understand retention’s direct impact on their success.

To maintain the company’s greatness, it must commit and invest resources in the vast pool of quality talent across the company. The most effective way to maintain a competitive advantage in today’s marketplace is to fully utilize your top performers. This will directly differentiate your company from its competition.

But how do you do this? Begin to implement these three strategies today:

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Monday, August 12, 2013

Managers failing their unhappy staff

There’s usually one in every office – the person who’s just doing the bare minimum in order to get by. They’re not doing anything wrong; they’re just not getting it right either. In some cases you throw training, resources and opportunities at them until you’re blue in the face, for others you give them the basic tasks, leaving the ones that need innovation for your motivated workers.

Regardless of your personal approach, research from Zenger/Folkman finds that in general, managers give up too soon on disgruntled employees.

“Our evidence shows that managers are giving up far too soon on their disgruntled employees, making them less productive than they could be, exposing their companies to unnecessary risks from thefts and leaks in the process, and inflating turnover costs,” company president Joseph Folkman said.

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Friday, August 9, 2013

Gauge of U.S. layoffs falls to pre-recession level

The four-week average of new claims for state jobless benefits dropped to 335,500, the Labor Department said on Thursday. The reading has not been that low since November 2007, just before the United States fell into a calamitous recession.

Now it appears that a long cycle of aggressive layoffs, which had fueled a surge in unemployment and helped shape two presidential elections, is over.

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Wednesday, July 24, 2013

Companies shift strategies to retain employees

When Deane Code arrived a year ago to start her job as a senior consultant at Environics Communications Inc. in Toronto, she found her new business cards waiting at her desk. She also knew what her new co-workers looked like and how to get to their offices, thanks to a “family tree” that arrived in the mail a few days earlier, with staff photos and a map of the office.

Stacey Marson had a similar welcome to her new job at LoyaltyOne, a customer insight and strategy firm. Before she started as a co-ordinator of business-to-business public relations and corporate marketing, she got a phone call from her new boss, and a package of information – including a book written by the company’s chief executive officer.

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Tuesday, July 2, 2013

Poor people management biggest blight of leaders

A survey has found that poor management management is perceived to be the biggest shortcoming of leaders in Singapore.

According to the latest Hudson Report: Employment Trends, nearly half of respondents (45.7%) perceive that poor management is the great shortcoming of leadership. This is followed by poor change management (20.8%).

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Friday, June 28, 2013

Report: Money really isn’t everything to the world’s changing professional workforce

Here’s what we’ve been reading/watching today:

1) There are changes afoot in the professional workforce. That’s according to a report from Thomson Reuters released Thursday, which finds that a majority of the more than 1,000 workers polled would, if given a choice, take a job they enjoy over one that pays them more. And if you think there’s a generational divide there, think again. According to the report, Millennials (or those roughly 18 to 35 years old) are just as likely as older workers to make that choice, the survey finds.

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Tuesday, June 4, 2013

Free lunch vs. other perks: Why not let employees vote?

How much of a voice do your employees have in making decisions like which benefits they'd prefer, or how their workspaces are set up?

Plenty of research shows that millennials in particular want a say in these things, so enterprises big and small are trying harder to oblige. One place where it's working is daily-bargain website 1SaleADay.

Last November, management faced a dilemma: The company, which has grown from 45 employees to more than 360 in just three years, was facing steep hikes in health insurance premiums.

"We operate on razor-thin margins, so we had a lot of discussions about whether, and where, we could reallocate funds," recalls Eli Federman, a senior vice president who has helped grow the business since his brother Ben founded it in 2006.

One option: Stop giving employees lunch for free, a perk that cost 1SaleADay about $250,000 a year.

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Friday, May 31, 2013

5 Good Reasons To Do A Formal Mid-Year Employee Evaluation

I suspect I can guess what many of you are thinking after reading the headline:  “I strongly dislike doing these at the end of the year, so why would I ever want to do another one halfway through the year?”  In fact, there are compelling management reasons to do a formal employee evaluation at this time of year.  As mid-year approaches, here are five:

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Wednesday, May 15, 2013

What a Flexible Workplace Has to Do With Trust and Creativity

Marissa Mayer wants everyone at the office. Other companies don't even have offices. Where do you fit?

Chegg, a Silicon Valley online textbook rental service, introduced unlimited paid vacation; so far, no one has abused the privilege. When I was running software companies, women on maternity leave were told to come back when they wanted to, on a schedule of their own devising; they never let me down. Strategies like these inspire terrific loyalty--but I wonder how many companies use them?

By 2025, Generation Y and its successors will comprise more than half the global population and 75 percent of the workforce, according to consulting firm A.T. Kearney. And 80 percent of them want to be able to work flexibly. How many, I wonder, will get what they want?

Although many companies these days are comfortable demanding constant attention from their employees, few are at ease with the idea that this needs to be reciprocal. And many still persist in thinking this is a women's issue when it isn't. It's a talent and retention issue. Here's why:

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Tuesday, April 23, 2013

Training: Making the First Day Count

Tips for building a successful employee acclimation and training strategy.

“You never get a second chance to make a good first impression.”

How many times have these 12 threadbare words been preached to job-seekers? More importantly, how many companies look in the mirror when uttering them—particularly on that day when a new hire first reports for work?

Starting an employee off on the right foot isn’t just about efficiency. At Billtrust, our mantra is to build a strong, unified team where every person feels he or she has a real stake in the company’s success. Everything we do—from our informal, open office environment to our after-hours social events—is carefully planned to make that goal a reality.

Because of our emphasis on teamwork, it’s important to us to make sure each new employee is a good fit for our company culture. That’s why we have a rigorous, multistage interviewing process. And since we put so much effort into finding the right people, it’s that much more important to us to make sure they succeed. To ensure that, we’ve built a successful employee acclimation and training strategy that includes the following elements:

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Monday, April 15, 2013

Building a culture of trust

s your organization built on a culture of trust?

Look around you; there are plenty of clues as to whether trust abounds. How quickly are decisions made? How many people do you copy (or worse, bcc) on e-mails? Do executives check in on the “troops” even when on vacation?

Given that 82% of workers don’t trust their boss, trust is a scarce resource in many organizations.

When it comes to creating a trusting workplace culture, the best place to start is with you. As a leader, you either believe in someone’s trustworthiness or you don’t. Leaders who try to split the difference with “trust but verify” won’t build a culture of healthy organizational trust.

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