ECONOMY TO EXPLODE SAYS EXPERT

Dr. John Sullivan, a professor at San Francisco University, has put together a piece providing guidance to Human Resources professionals concerning how to retain company employees in light of an anticipated job switching in an exploding economy. It's got to be a welcome indicator when the Human Resources community is focusing on retention of employees.

Most firms have by now long forgotten any of the lessons they learned about retention during the 1990s. Many managers have grown arrogant because the last few years of high unemployment guaranteed that most employees would have to take whatever they dished out. Over 75% of firms have no separate retention department, and most HR retention systems are either rusty or have been dismantled altogether.

The time to act is now - before the job market opens up - because employees see acts of kindness (retention efforts) as more sincere when managers are not being forced to act by the raging job market. Begin today to identify the individuals who are likely to be at risk of leaving and develop action plans to keep them challenged and growing.

See the rest here.