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ERNIE, please use the form on the
linked page. Consider the federal government, the acknowledged master of retention.
(That should scare you adequately...get a retention program so you can
mold your management to follow the government example.) The particularly
outrageous retirement benefits lock employees into jobs and career tracks.
Challenge is a secondary concern, getting the job done every day is the
basic mode.
The retention programs are so good that it has been hard, for a
generation, to get a job in government. Essentially, someone must die for
an opening to be created. The same holds true for advancement.
Now, the government is facing the consequences of really good
retention. In many offices, from the IRS to the CIA, 40% of the employees
in the agency will retire during the next four years. And, guess what?
There is nobody in line for the jobs.
Successful retention programs caused the government to lose its touch
with the real changing market dynamics of acquiring and maintaining
employees. As a result, the restaffing of the government will require
increased pay, modified benefits and a host of alternative approaches.
Their extremely successful retention packages will force them to become a
very aggressive player in the competition for Human Capital over the next
five years.
Meanwhile, the labor shortage continues to escalate.
The point is that very clear thinking is required on the subject of
human capital and inventory management. There are no generalities that
work at the top level. An organization is no more likely to want to retain
all of its employees than it is to want to fire them all. Retention
programs must be tailored to achieve very precise objectives.
Retention is not a panacea.
Referral
Networks cordially invites you to participate in a free online
seminar:
"Using Technology To Automate Your Employee Referral Program"
Presented by Richard Adams, CEO, Referral Networks
Referral Networks leverages the best of both to offer a
fully-automated, administered and customized employee referral program
solution that can substantially reduce your cost-per-hire.
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