Employees Want Back to Menu An entrepreneurial environment ° Career mentoring - more discretion in job ° creation Recognition for their unique contribution ° A piece of the action Em
Trang 1Employees Want
Back to Menu
An entrepreneurial environment °
Career mentoring - more discretion in job °
creation
Recognition for their unique contribution °
A piece of the action
Employers Want
A "just-in-time" workforce Creativity, with speed
High productivity and morale
Retention and motivation of the best and the
brightest
Pay only for performance
A low promise of job security Adaptability to change Protection of employer intellectual cap
What Turnover Costs:
Very "Hot" Skills Senior
Management/
“Hat” Skills
Individual Contributors and Middle
Why Do They Leave?
Multiple of Salary/
Replacemnt Cost
Confirmation Phase: PwC’s research data show that the highest percentage of turnover
occurs in the first 12 to 18 months of employment Key reasons include poor job-skill fit,
disillusionment with the company, work duties, supervisors, or coworkers.
Trang 2Consolidation Phase: Voluntary turnover in the 24 to 36 month period is often due to
poor skill utilization, unrewarding incentives and recognition, poor work/life balance,
disillusionment with the company image and leadership, and perceived lack of growth High- performance employees particularly value strong leadership performance and business results, development of "hot" skill, and competitive reward and incentives
Revitalization Phase: Career stagnation and lack of job fulfillment often drive voluntary turnover after the 48th month This is of particular concern for high tech companies, where there is often minimal career growth opportunity available beyond one’s technical career
track Acommon complaint of high-tech engineers is that there is not much career
challenge or excitement to look forward to once they have mastered their jobs
' A New Century’s Mandate HR Advisory by Tom Casey/Boston Massachusetts & Ardeshir Mehran/San Francisco, California
Content Author/Owner: Lisa Stilwell-LF Last Revised on 7/03/00 by Lisa Miller-LN Retention Limit: Until Superseded Copyright © 1999, Procter & Gamble, All rights reserved.