Keep your employees
A recent study from Vanderbilt University’s Owen Graduate School of Management suggests that simply training good employees is not necessarily enough to keep them around. In fact, sometimes training (on its own) lead employees to leave companies as they become more valuable in the marketplace. All is not lost, however.
The study finds that employees who feel empowered are far more likely to stay with a company. When employees have a measure of autonomy and decision making power, they “buy in” or commit more fully to a company. Empowerment also includes reward or bonuses directly proportional to performance. Incentives and rewards help to keep employees motivated and on top of their game.
It’s important to strike a balance. Investing in employees without their return investment in your company will generate little reward. However, hiring good people, investing in them and empowering them fosters their commitment to you.
July 31st, 2008 at 2:10 pm
Coop,
This is an “old school” tradition we need to keep. To many stores have blown out their pro’s and filling their stores with untrained, unseasoned green peas. Used to be the pro’s would whip the green peas into shape enough to get them on the right track. Stores typically do not have great training programs to get green peas ready for the floor. It was the old vets who mentored the young pups and pointed them in the right direction. The old pro’s are gone and the green peas are left on their own and stores wonder why they are struggling.