A smart executive is one for the people. These are just some innovative alternatives that companies use to reassure employees have their attention and support. .
There are several tips and tidbits that can catch and employees attention. We will revisit the effective ones in practice and introduce some new ones as well. They are as follows:.
1. Foster a sense of family and community, so people feel that they are working for a cause as well as a company. .
Valero Energy donates $0.50 for every 1% of each employee's income to United Way Care Share program. .
2. Discover the company's competitive advantage and introduce it to recruiting and retention. .
Capital One Financial has an impressive attrition rate of less than 10%, which was achieved while growing from 5,900 to 15,500 employees all during the same period.
3. Identify the best people in the organization, and then invest heavily in training and mentoring them.
Every spring, General Electrics" "Sessions C" leaders Jack Welch and Bill Conaty comb through prepared resume listings to fill positions from within the company. .
4. Make it easy to move within the company, and people will be less likely to look outside.
Until it recent fame, Enron encouraged its employees to manage their own career development. I bet all the employees appreciate that skill now.
5. Get it right from the start. Invest in the hiring process, and hire selectively.
Southwest Airlines behavior based interviewing allows the company to get to know the candidate before actually hiring them. This way the are insured that they will have the right fit.
6. Allow all employees, no matter how low in seniority, decision-making power. That will give you an edge over the competitors.
Home Depot calls its sales staff "associates". This company's culture is built from the inside out. More than 90% of non-entry level positions are filled internally and 12 of 400 department heads came from outside the company.
