13 May '11, 8am

Fire The Slugs… And Other Great No Nonsense Ways To Retain Your Best People

by Jeff Kortes, author of No Nonsense Retention There isn’t an organization anywhere that doesn’t have a problem with some type of personnel turnover problems. Depending on the study you look at, the impact of turnover ranges from three months of salary for a low level employee who leaves to as high as 400 percent of the annual salary of an upper-level person who leaves. It’s doesn’t have to be all bad. There’s good turnover, and bad turnover. Firing a non-performer is good turnover. When a top performer leaves to go elsewhere and leaves your organization with a huge void, it’s bad turnover. It can affect the performance of the whole organization. If you are going to maximize your organization’s performance you have to make a conscious, top-down management decision and commitment to develop a no nonsense approach to retention. Here are some top must-do actions items for re...

Full article: http://www.youngupstarts.com/2011/05/13/fire-the-slugs-an...

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