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Managing employee retention = a strategic accountability approach /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Managing employee retention/ Jack J. Phillips, Adele O. Connell.
Reminder of title:	a strategic accountability approach /
Author:	Phillips, Jack J.,
other author:	Connell, Adele O.
Published:	Amsterdam ;Butterworth-Heinemann ; : c2003.,
Description:	1 online resource (xviii, 355 p.) :ill. :
Subject:	Employee retention. -
Online resource:	http://www.sciencedirect.com/science/book/9780750674843
ISBN:	9780750674843

Managing employee retention = a strategic accountability approach /
Phillips, Jack J.,1945-

Managing employee retentiona strategic accountability approach /[electronic resource] :Jack J. Phillips, Adele O. Connell. - Amsterdam ;Butterworth-Heinemann ;c2003. - 1 online resource (xviii, 355 p.) :ill. - Improving human performance series. - Improving human performance series..

Includes bibliographical references and index.

Why retention is a serious problem ... Still; A strategic approach to managing retention; measure and monitor turnover and retention data; Develop fully loaded costs of turnover; Diagnose causes of turnover; Recruiting new employees; Establishing an appropriate work environment; Creating equitable pay and performance processes; Building motivation and commitment; Match solutions to needs; Forecast the value of retention solutions; Calculate the return on investment of retention solutions; make adjustments and continue; Case study: Southeast Corridor Bank.

During the past decade, employee turnover has become a very serious problem for organizations. Managing retention and keeping the turnover rate below target and industry norms is one of the most challenging issues facing business. All indications point toward the issue compounding in the future and, even as economic times change, turnover will continue to be an important issue for most job groups. Yet despite these facts employee turnover continues to be the most unappreciated and undervalued issue facing business leaders. There are a variety of reasons for this, for example, the true cost of employee turnover is often underestimated. The causes of turnover are not adequately identified, and solutions are often not matched with the causes, so they fail. Preventive measures are either not in place or do not target the issues properly, and therefore have little or no effect, and a method for measuring progress and identifying a monetary value (ROI) on retention does not exist in most organizations. 'Managing Employee Retention' is a practical guide for managers to retain their talented employees. It shows how to manage and monitor turnover and how to develop the ROI of keeping your talent using innovative retention programs. The book presents a logical process of managing retention, from identifying turnover costs and causes, designing solutions that match the causes of turnover, developing tools for tracking turnover and placing alerts when action is needed, and measuring the ROI of retention programs. * Shows how to accurately cost turnover, providing examples and actual data from hundreds of organizations * Presents effective ways to identiry the causes of turnover so the problems can be quickly rectified * Shows how to measure the monetary return on investment of retention programs.

ISBN: 9780750674843

Source: 95747:95746Elsevier Science & Technologyhttp://www.sciencedirect.comSubjects--Topical Terms:

100564
Employee retention.
Index Terms--Genre/Form:

96803
Electronic books.

LC Class. No.: HF5549.5.R58 / P48 2003

Dewey Class. No.: 658.3/14

Managing employee retention = a strategic accountability approach /
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245 1 0 $a Managing employee retention $h [electronic resource] : $b a strategic accountability approach / $c Jack J. Phillips, Adele O. Connell.
260 $a Amsterdam ; $a Boston, MA : $a Alexandria, Va. : $c c2003. $b Butterworth-Heinemann ; $b Society for Human Resource Management,
300 $a 1 online resource (xviii, 355 p.) : $b ill.
490 1 $a Improving human performance series
504 $a Includes bibliographical references and index.
505 0 $a Why retention is a serious problem ... Still; A strategic approach to managing retention; measure and monitor turnover and retention data; Develop fully loaded costs of turnover; Diagnose causes of turnover; Recruiting new employees; Establishing an appropriate work environment; Creating equitable pay and performance processes; Building motivation and commitment; Match solutions to needs; Forecast the value of retention solutions; Calculate the return on investment of retention solutions; make adjustments and continue; Case study: Southeast Corridor Bank.
520 $a During the past decade, employee turnover has become a very serious problem for organizations. Managing retention and keeping the turnover rate below target and industry norms is one of the most challenging issues facing business. All indications point toward the issue compounding in the future and, even as economic times change, turnover will continue to be an important issue for most job groups. Yet despite these facts employee turnover continues to be the most unappreciated and undervalued issue facing business leaders. There are a variety of reasons for this, for example, the true cost of employee turnover is often underestimated. The causes of turnover are not adequately identified, and solutions are often not matched with the causes, so they fail. Preventive measures are either not in place or do not target the issues properly, and therefore have little or no effect, and a method for measuring progress and identifying a monetary value (ROI) on retention does not exist in most organizations. 'Managing Employee Retention' is a practical guide for managers to retain their talented employees. It shows how to manage and monitor turnover and how to develop the ROI of keeping your talent using innovative retention programs. The book presents a logical process of managing retention, from identifying turnover costs and causes, designing solutions that match the causes of turnover, developing tools for tracking turnover and placing alerts when action is needed, and measuring the ROI of retention programs. * Shows how to accurately cost turnover, providing examples and actual data from hundreds of organizations * Presents effective ways to identiry the causes of turnover so the problems can be quickly rectified * Shows how to measure the monetary return on investment of retention programs.
588 $a Description based on print version record.
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650 0 $a Labor turnover. $3 100565
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830 0 $a Improving human performance series. $3 291044
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