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Innovative Ways to Improve Employee Retention

HR Digest

The current competitive marketplace has made it a necessity for organizations to discover steps in managing attrition rates. Employee Retention Strategies to Decrease Staff Turnover Rates Employers need to focus on fostering a positive work environment as a step in managing attrition.

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Do Workplace Wellness Programs Save Money? We Find Out.

HR Digest

The savings were made from reduced compensation claims and improved retention, less attrition and increased productivity. They provide financial incentives or other resources to stay healthy. Some corporations may even offer financial incentives, such as lower health insurance premiums or gift cards for meeting fitness goals. .

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Study: Smaller Teams Perform Better Than Bigger Teams

HR Digest

“In simple terms, we presented employees with situations that ask them to make judgments—often using ambiguous and incomplete information, to best simulate the real-life conditions of decision making,” said Dr. Ian Stewart, Executive Director Learning and Design at to Kaplan Leadership & Professional Development.

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How the Navy SEALs Train for Leadership Excellence

Harvard Business Review

The SEALs leadership recognized that technical excellence—better shooting and better shots—didn’t go nearly far enough in addressing the complex environments and demands that would be made upon sniper teams in wartime deployments in multiple theaters. . This was a precarious time. Incentivize Excellence Not Competence.

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Keep Employees from Leaving by Emphasizing Teamwork

Harvard Business Review

In partnership with Linda Hill, also of HBS, we are helping organizations and their management teams to update their leadership models. This must be reinforced with practical changes in the way people are compensated—that is, collective, rather than individual, incentives. This is the approach we take at Egon Zehnder.

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How to Learn from the Mistakes of Other People

Frank Sonnenberg Online

improper incentive. poor leadership. When people leave an organization, either through retirement or attrition, they take valuable experience with them. Many missteps occur due to: insufficient preparation. avoidance or denial. poor planning. weak information. bad assumptions. poor diagnosis of the problem. lack of focus.

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Before You Link Pay to Customer Feedback: Five Essentials

Harvard Business Review

More and more companies are tying incentive pay to customer metrics. The payoff from linking incentives to customer feedback can be significant. I recently ran into a company that based incentives on scores determined from as few as 11 respondents. Your CFO and finance team can take a leadership role here. Don't do that!