Two of the most salient steps you can take in management – create a compensation plan that competitively pays your employees and make sure it rewards them for excellence. Enlightened compensation plans inspire performance and incentivize productivity.
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You must exercise due diligence to motivate talented employees and retain them for an efficient and productive workplace. But many male managers unwittingly mismanage their female employees.
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As cost centers, human resources have opportunities to shine whenever they act as profit centers. And employee turnover presents opportunities for companies to make money.
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In employee retention, you never have to be surprised again. There are common traits among employees who are likely to quit — even those who are secretive about their plans. Surprisingly, workers who are reading job listings in non-work hours, leave work promptly at the end of the work day or who start taking more vacations — aren’t necessarily going to quit.
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Employers often ponder quandaries in hiring, firing and the retention their best employees. If you’re like many employers, you might want to consider re-thinking your approach to human resources.
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