There are many myths and half-truths about employee engagement. This article covers 12 common myths about employee engagement. We identify what engagement is actually about, and how you can influence engagement in your team, either as an individual contributor or as a leader of people.
Are you worried about losing knowledge held by a departing employee? Use these strategies and tactics to prevent the brain drain before it starts. Retain knowledge held by soon-to-be-gone employees, and institute tools and processes that promote sharing of important knowledge.
Promote from within your organization to accelerate training and increase acceptance of your decision. Among numerous other benefits, the promoted employee's peers will be more likely to respect them than an outsider.
Beyond the monetary costs of losing and replacing an employee, there are other costs of attrition on your team. Working relationships, confidence in leadership, and employee satisfaction can all be negatively impacted by the termination or resignation of a coworker.
Employees are the most valuable asset in your company, and this math proves that out. Review the monetary cost of replacing an employee, including lost opportunity cost, recruiting costs, and employee onboarding.
Do you need help understanding the difference between good and bad metrics? How can you identify when you have the right metrics in place? Consider this goal-based approach to identifying and measuring the performance of your team.