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Many managers and CEOs don’t fully understand that their employees are as important as their customers. They are quick to demand and slow to show how much they value their employees.
CEO’s, hiring managers and managers in general all understand the hiring process and how easy it can be to search through the pile of applications and chose the right candidate. Yes, it can get hectic as the resumes add up but it can be done.
What many don’t understand is how much faster and easier it can be to lose their employees.
Your employee is doing a great job in the position. Oddly, a few weeks after you begin to notice a change.
The bomb hits your office and your employee resigns. Why? They where such a good match for the position? You realize the employee turnover rate is at an all time high.
Many managers and CEOs don’t fully understand that their employees are as important as their customers. They are quick to demand and slow to show how much they value their employees.
Surprisingly, they believe that it is enough to give them the opportunity to work at the company. The current economy has many people thinking that an employee is stuck at a company because the chances of finding a job elsewhere are slim. That is where managers go wrong, thinking that it is enough to cut a paycheck.
What about the appreciation? What about showing that they are a huge contribution to the company’s success?
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Comments
07.10.09
How to lose your employees fast? Lose 85% of your revenues, thus losing the means to pay them. Very few employees are going to stick around and work for free.
07.10.09
JRandom42- If you are valued as an employee and the manager feels strongly about turning the lost of revenue around, some will stay. It is a matter of knowing how to motivate your employees to continue working. I actually stayed at a company after two salary decreases and when the paychecks weren't coming. When you don't value them, therefore not valuing such sacrifices, that is when you begin to lose them.
07.10.09
JRandom- In fact that has happened many times in this economy. Great comment.
07.10.09
It's hard to motivate employees who are staying on for free, especially if they have families to support and bills to pay. How can you value those employees, if you can't pay them?
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