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Book Summary Preview :
Keeping the People Who Keep You in Business

24 Ways to Hang On to Your Most Valuable Talent
By Leigh Branham
American Management Association, 2001
ISBN 0 8144 0597 5
351 pages

The Big Idea

In whatever business you choose to engage in, you need reliable and competent people. You have to invest in the right people - people who put their competencies and work ethics at optimal levels - in order to lead your business to victory. Like a well-oiled machine, these people contribute to the operation and to the eventual success of your business. As a matter of fact, these are the very people who keep you in business.

However, employees today are seeking better opportunities to career growth and development. They seek better opportunities for skills advancement and sometimes higher wages and benefits.

f you think you are losing the employees who keep your business working, then this is the book for you. This book, "Keeping the People Who Keep You in Business," will give you tips and ways on how to hold on to the primary asset of your business - your workforce.

 

Why Good Performers Leave

Your employees are beginning to think twice about staying in your organization. The question is, where does this dissatisfaction originate and why does this dissatisfaction occur? Here are six frequent underlying reasons why good performers leave.

  1. They see no link between their pay and their performance.
    Departing employees usually say that they are leaving to seek "better opportunities," which means more than the phrase "more money." Deeper motivations are involved in the process, like more lucrative positions from other companies, dissatisfaction in growth prospects, and the inability of the employees to see any link between his performance and his pay.

    Employees are demoralized when they see that they work harder and smarter and get better results than their co-employees, yet receive the same remuneration. But if the contrary occurs - when they know that they will be monetarily rewarded in proportion with the greater results they produce - they become motivated. This is because they see a relationship between their performance and their pay.
  2. They don't perceive growth or advancement opportunities.
    When employees do not "perceive" opportunities for growth in their field, employees conclude that these opportunities do not exist at all. Indeed, there may be hidden opportunities, but if the employee and the manager do not discuss career options and opportunities, the former, more often than not, will get dissatisfied and eventually leave the company.

 

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