Recognition
Lusting after the boss's jobEmployee retention is a challenge these days, with unemployment rates at 30-year lows and a job boom in Western Canada. |
|
 [ 2007-06-27 ] |
© 2007 Jupiterimages Corporation
One way to achieve a better retention rate, most experts agree, is to keep your employees fully engaged by identifying their skills and giving them opportunities that will keep them interested and moving ahead.
However, a new report from management solutions company Korn/Ferry International says that's not happening enough.
In a survey carried out by the company, 73% of executives said they could perform their boss's job better than their current manager, 65% said they want their boss's job, while just 42% said their boss's performance was above average or better.
"These results suggest that many of today's executives are feeling 'underemployed' -- or in other words, that their employers are not making full use of their backgrounds and abilities," said Bob Damon, president of Korn/Ferry's North American division.
"The secret for companies is to identify their high potentials and give them strategic developmental opportunities in order to keep them challenged and satisfied."
Does your employer subsidize your commute to work?