Is it a question of how to hire and keep the best people? Can we ask ourselves do we create commitment? Is our present going to lead us to our future? Is there a way to align peak performance within industries? Or is it just a war for talent? The fact is employee turnover is something we face everyday. Employee turnover rate is the rate of employee separations in an organization. Whether it is from retirement, quits, discharges, layoffs, downsizing, or rightsizing, people look for better opportunities every chance they can. So how do companies keep their employees focused and committed? Employee turnover costs money. We all know that. We also know better systems and training can help us find better employees and keep the good ones. The dilemma is knowing how much to spend to ensure you're getting an adequate return on your investment in people. That is what we will be learning.
.
"A good work environment gives employees challenging work, growth opportunities, and the chance to speak up and be heard," Thomas Watson, executive VP at Omnicon. Part of what company leaders must do is to build a supportive and challenging workplace in which communication is encouraged, ingenuity rewarded, and internal promotion is expected. Sounds easy, right? Well, it is if you have leaders who are visible and accessible to everyone . These leaders will support a strong, well-defined culture that will encourage and maintain their current talent. It is a growing trend for top management to come back down where they revisit what started it all. At Home Depot, part of the job of senior executives and board members is to regularly visit stores and instill a family feeling. Top managers at Southwest Airlines must spend one day in the field each quarter to see what goes on outside the office. Other companies management visit facilities, eat lunch in the employee cafeteria, go to company sponsored sporting events, and volunteer for local charities.