| The economy won't stay in the red forever, and | | | | professional development. There simply isn't enough |
| with the government taking steps to improve it by | | | | money to further employees skills/careers. It's crucial |
| the day, employers are anticipating many of their | | | | at this point in time to for managers to develop new |
| staff to run for the doors. A survey was conducted | | | | plans of growth and education. "This is not |
| in December by Yahoo HotJobs involving over 800 | | | | necessarily about promotions, but learning and getting |
| recruiters and hiring managers questioning their | | | | exposure to new technologies and processes and |
| opinions on employee turnovers in 2010. 44% agreed | | | | expanding their skill sets," states Armstrong. |
| or strongly agreed that when and if the economy | | | | Make your appreciation known. Many staff have |
| bounces back, business nationwide will experience a | | | | experienced the effects of lay-offs and salary |
| major employee turnover. | | | | freezes/cuts. It is recommended that you verbalize |
| Mark Anderson, President and Chief Economist for | | | | your appreciation to your staff and praise those who |
| ExecuNet, stated that around 90% of executives are | | | | deserve the uplifting words of thanks. They need to |
| taking calls from recruiters and job head hunters. He | | | | know you felt the sacrifices just as much as they did |
| believes this to be a sign that more executives and | | | | and am thankful for having such devote employees |
| such are considering their options. | | | | who still give it everything they've got. The gesture |
| We believe that any improvement to the economy | | | | doesn't have to be monetary in form, as long as |
| doesn't have to leave your company short of a few | | | | there is sincerity, understanding, and |
| skilled professionals. As employment experts, we | | | | acknowledgement in your words of thanks, it will be |
| wish to share with you a few suggestions that can | | | | appreciated. |
| see your business through this tumultuous time, and | | | | Keep the communication lines open. Ongoing |
| keep your top employees right where they are. | | | | communication between staff and management |
| Conduct a "stay" survey of staff. Many times, | | | | allows for little misunderstanding. Your employees will |
| management and business owners learn about their | | | | see you on different level by asking questions |
| employees dislikes when completing an exit interview. | | | | involving projects, or by asking if there is anything |
| We suggest you get ahead of the game and | | | | you can do to make their job easier. Have them |
| interview your staff before they turn in their notice | | | | complete a questionnaire about your performance |
| to leave. Sharon Armstrong, author of "The Ultimate | | | | and involvement or simply ask for them to provide |
| HR Handbook", suggests that now is the time to find | | | | suggestions that would make the job more to their |
| out how your employees are feeling. She further | | | | liking. By leaving the communication lines open to all |
| states, "Employees shouldn't feel like there will be a | | | | staff, you really get to experience the true heart |
| 'gotcha' when they have complaints. These 'stay | | | | beat of the company- whether it's good or bad. |
| interviews' should be conducted by a third party, not | | | | Know the status once the turnovers begin.There are |
| the manager, or HR could hold focus groups in a safe | | | | going to be some folks who wish to leave your |
| setting." | | | | company no matter what you do. It's important for |
| Create and encourage more career development. | | | | hiring managers and HR staff to be aware of where |
| Businesses, more often than not, are looking to cut | | | | the gaps need to be filled, and start the process to |
| costs just to keep themselves afloat. One of the | | | | take on new employees immediately. |
| first areas that is placed on the chopping block is | | | | |