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How to Manage Attrition Levels
One of the biggest costs for most employers in today’s market place is recruitment of quality staff. In order to reduce this cost every organisation should have in place ‘staff retention action plans’. To achieve this detailed trend analysis will be required specifically looking at:• The time line – at what point in a career do people want to move on• What is the leavers profile – age range – position – lifestyle - ambitions• Exit interviews – detailed questioning of the employees reasons for leaving (not by a line manager)• Is there a particular time of year when attrition levels are high• What is the skills base of the leaver and how did this match their role• identify a profile of employees who stay for more than two yearsFrom this analysis organisations can:• Introduce career planning and coaching before a valued employee thinks of moving on• Review values and culture of organisation to improve environment• Crank up recruitment plans when required in preparation for any seasonal factors• Review recruitment process to ensure that the right skills base is being recruited and match to profiles of employees who are add value to the organisation.Read more…Is Your Boss a Criminal or Possibly Even a Drug Addict? See Who Really is Calling the Shots at Work
Last week, I was telling my supervisor about an old boss that I used to have who was pretty eccentric. Even if you didn't know him, you could just tell by looking at him that he was up to something shady. Additionally, he lived in a separate apartment away from his family during the week and spoke of a new business that he was starting, yet he would never exactly tell you what it was.Read more…Why Do Large Enterprises Incur So Much Unneeded Waste?
When the Soviet Union fell in the early 1990’s and the government of Boris Yeltsin began to promote democracy and co-operation with their former Cold War foes, principally the United States: we discovered much that was amazing and instructional. It quickly became apparent that our decades long fear and competition with the Communist titan was based on wrong assumptions. Russia was actually a third world country with a first world army.Read more…LEAN or Six Sigma? Which Should My Business Be Using?
In all honesty, probably both! LEAN and Six Sigma are perfect partners and provide great synergy and complement each other nicely. Often I meet people who are unsure which approach to take and therefore delay in doing either.Read more…Motivating Your Employees Toward Success
It can be easily deduced that employee encouragement translates into strong health and profits for your organization. This is true whether your business is a profit orientated organization or an organization where the profits are to speak excellent community service and support.The relevant question for management is how to sustain a high level of employee motivation over the long term.Read more…Introduction to Dimensional Modeling for Data Warehousing Part 2, Dimensional Modeling Principles
In part 1 of this article series, we described the general structure of a dimensional model. In the present article we shall describe the basic design principles of dimensional modeling. Dimensional modeling follows the four steps defined below.Read more…Are You Hiring the Right People? Why You Should Sharpen Your Interview Skills
Did you know that:- Most interviewers make up their mind about a candidate in the first 2 to 4 minutes of an interview – and then go on to collect information and data to justify their decision;- Over 75% of staff who leave a job in the first 9 months leave for motivational reasons – the job/company/boss etc. wasn’t what they expected. Yet less than 10% of organisations seriously investigate motivational aspects during the interview process;- Typically it’s recognised that the cost of hiring the wrong person, who may leave after only a few weeks or months, is on average equal to an equivalent of the first year’s salary for the position – can you afford to bring the wrong people into your business?Read more…Using 360° Feedback Surveys to Identify Training and Development Needs
A 360° feedback survey is a tool used by an organisation to evaluate an employee’s performance and development needs. It is aimed at providing individuals and groups with information regarding their strengths and development or training needs. Feedback is gathered from an employee’s co-workers, managers, direct reports, customers and others using a questionnaire covering areas such as competencies, skills or abilities and job performance.Read more…The Holiday Party S-Word: Spouses
With the upcoming holidays, many office environments become more festive, filling up with good food and holiday cheer. But end-of-the-year celebrations can also bring headaches for management and human resource staff as they try to figure out what is the most appropriate way to acknowledge and celebrate the holidays. While it is hard to say if it qualifies as a trend, some companies are opting out of the big after-hours company celebrations.Read more…Leadership vs. Management
Management skills are a necessary subset of the skills of a leader. Some people claim to be leaders, but not managers. Usually they consider themselves a visionary.Read more…Your Ideas Are Fine In Practice, But Will They Work In Theory?
One of the great philosophers of science quipped:“There’s nothing quite as practical as a good THEORY.”Theories are generalizations that apply to lots of circumstances.For instance, at your hospital you notice a lot of post-op patients seem to be contracting infections.Read more…Tips for Collecting Your Past Due Accounts Receivable: Create a System
One of the biggest drains on the cash flow of small businesses is the slow collection of accounts receivable. In cases where accounts receivable are out of control, you can bet that cash flow is out of control as well. I don't know about you, but the folks I have to pay are not very concerned with whether or not I am getting paid in a timely manner.Read more…5 Steps To Effective Customer Loyalty Programs
Increasingly organizations are becoming dissatisfied with their customer satisfaction surveys and turning instead to designing and implementing customer loyalty programs. The reason is simple, after 10 years of running national customer satisfaction surveys the American Customer Satisfaction Index has, basically, not moved at all. This is despite industry reportedly investing USD800,000,000 each year on improving customer satisfaction.Read more…Are Professional Translators Worth the Cost
So the time has finally come and you've decided that you want to take your business to the next level and provide your product in Spanish. However, you don't really know the first step in starting the process. However, you do realize that you need to find someone that speaks the language so that you can start them translating your product information and marketing material into Spanish.Read more…What Does Your Business Do?
At this point in the business startup (or reinvention) process, you should be clear about your life’s mission. Your next step is to determine what goods and/or services your business should offer that will best contribute to that mission. Never forget that your business must exist to serve your needs, never the other way around.Read more…An Introduction To Dimensional Modeling For Data Warehousing - Part 1
The design principles of the dimensional model, which is commonly used in data warehousing, are described in this article series. Dimensional models capture business performance measurements, which are used to support decision making. Dimensional model The descriptive simplicity and high performance in query execution, are characteristics which have contributed to the increased use of the dimensional model in data warehouse infrastructures.Read more…Why Companies Should Use A Recruiter?
Companies use recruiters for a variety of reasons including attracting top talent, saving time on an urgent hire, or keeping the need confidential. This is especially true for restaurant professionals who often think about their shifts day and night. They might be ready for a change, but never see your opportunity. Read more…Five Things You Can Do To Keep Your Small Business Out Of Court
Every business makes decisions that have legal ramifications. Having a business attorney will prevent legal problems down the road. Here are five key areas that require a business.Read more…Determinates of Ability
Breakdowns what determines ability, and integrating these on an individual and organizational level. Read more…Anatomy of a Successful Medical Device Development Project: a Balance of Quality, Speed and Cost Efficiency
Successful managers and companies adopt disciplined engineering and project-management processes, and constantly strive to improve them. The keys to making such processes effective in developing a successful medical device are found in three areas: quality, speed, and cost efficiency.Read more…
Most Recent Articles in Management category
- The Importance of Databases - By: Kaye Marks
It can seem so technical. Only large companies are going to have extensive databases about all of their sales along with any other information they feel like keeping track of. - Explain Digital Flow Meter - By: Manish Singhp
There are different types of flow meters; each of them used for a different purpose. When the meter registers, one should know how to get a basic reading without too much struggle. As advised by experts, it is not the equipment's fault when a bad reading ensues; rather the reader could not read it correctly. The digital flow meter is not a useless instrument which is there for fun. It is a wonderful industrial tool which needs to be respected and used accordingly. - Meeting Inefficiency Contributes to Low Employee Morale - By: Bob Moir
If there's one thing that can engender a feeling of dread in a normally happy employee, it's the prospect of another meeting on the schedule. Meetings are too often seen by employees as time wasters that are largely ineffective and accomplish little. - Making Meetings Mean Something Through Facilitation Training - By: Bob Moir
The average meeting is just that, average, and the results, or lack thereof, speak for themselves. More and more companies are asking who within their inner circle has the requisite facilitation training to make a meeting pop, and more and more often the answers are coming from the outside. - Aluminium anodizing and its advantages - By: Mari Milian
Anodizing is not like electroplating and other organic coatings, it is unique to aluminum. It has greatly extended the applications of aluminum products and uses after it was developed in early 1930's, where the metal or else not be utilized. - What is Cash Management - By: David Stack
Cash flow is the essence of a business and the goal behind cash flow management is to determine the cash needed for day-to-day business devoid of losing investment options as a result of having two much cash. Although there are many cash management techniques they vary with the products and services sold, and how the particular business is run. - 10 Tips to Manage Labor More Effectively - By: Curt Barry
More employees can mean more headaches. Learn how to manager your labor force more effectively with these 10 tips. - What You Need To Know About Business Articles? - By: Gurpreet Kaur
There are times in business when everything you try seems to go wrong, or you can't find the answer to a particularly tough question. You may find that those that work with you and for you are just as frustrated, and that means you must look for help anywhere you can find it. - Explain Chrome Plating? - By: Ravi Bhati
Chrome plating is a kind of finishing treatment that utilizes the electrolytic deposition of chromium. The thin, decorative bright chrome is the most common form of chrome plating. Chrome plating imparts a mirror-like finish to items such as metal furniture frames and automotive trim. Thicker deposits, called hard chrome, are used in industrial equipment to reduce friction and wear and to restore the dimensions of equipment that has experienced wear. There are two types of chromium plating: industrial and decorative. Industrial chromium plating is also called Hard Chrome or Engineered Chrome. - A Review of the Various The Law Of Attraction Dynamics - By: Brian Garvin
Find out the scoop about the Law of Attraction and see if it is adequate for you at this time. Please decipher our unprejudiced evaluation of the Law of Attraction.
