The News Review:
- Kelley School Study Finds Early Exit Yields Better Odds of …
- Compelling Career Opportunities–Not Pay–Promote Retention in China
- Workforce outreach continues today
- Georgetown workers set to return to steel mill
Kelley School Study Finds Early Exit Yields Better Odds of …
Talent Management, CA
In particular, those who jump ship are much less likely to have to accept a demotion or move to a different city for future employment, effectively avoiding the “stigma” associated with the prior firm’s failure. “Our findings indicate that executives can lessen the prospects for a negative impact on their careers by strategically managing their exit from a struggling firm,” Semadeni said. “It is likely that most of them know about an impending crisis long before the public or shareholders do, and are in a good position to plan a departure that will benefit their careers. ”For the study, Semadeni examined the employment situations of 1,155 executives — including chairmen, presidents, CEOs and executive vice presidents — at 437 public and private Texas banks that failed between 1985 and 1990, and compared them with 1,171 executives at comparable non-failing banks. He discovered that 77 percent of executives from failed banks ended up changing cities for employment, compared to 23 percent of those who jumped ship prior to the failure and only 14 percent of job switchers from non-failing banks. Similarly, 54 percent of executives from failed banks were demoted in their next position, versus 41 percent of those who bailed firms early and 30 percent from non-failing banks. Executives who do stick around and end up discredited have relatively few options to manage the associated stigma, according to Semadeni.
Related from Sales-monster: Kelley Blue Book Hosts Successful Dealer Internet Marketing Seminars
Compelling Career Opportunities–Not Pay–Promote Retention in China
MarketWatch
Many employers try to retain their staff by “out
paying” the competition. Unfortunately, their
focus on pay is missing the mark and wasting money. While organizations
must remain competitive on compensation, high pay will not offset a weak
overall employment offer. (2) Help Employees Build Careers. The single biggest driver of
retention is future career opportunity, which improves retention by up
to 21%. Employees want to have a vision of how their careers can develop
at an organization, and they want to see frequent evidence of progress. Although it is important to provide competitive promotion rates,
(almost) equally important is to offer development plans and training
that connect employees to the organization’s
long-term values and strategies.
Workforce outreach continues today
Peoria Journal Star, IL
All you have to do is get up and try. The doors are open," Carlton said. Work force career counselor Vernon Johnson said he sees the effects firsthand of individuals who lose employment and those who are placed back into the work force. "It ensures each of us at the local level have the tools and services necessary to provide to our customers in rebuilding their lives," Johnson said. Illinois workNet also offers businesses access to skilled applicants, training, management resources and more to help them remain competitive. It is a cooperative effort among economic development, workforce development and education agencies, local workforce investment boards and their public and private partners. Workforce Outreach Days continues today at Workforce Network, 211 Fulton St.
Georgetown workers set to return to steel mill
Myrtle Beach Sun News, SC
Thursday at the Steelworkers’ Union Hall. Participants there will also be able to ask questions of the S. Employment Office and learn more about the Institute of Career Development Training that will allow interested participants to obtain schooling in a different field. Meanwhile, Sanderson said, those employees still have health insurance based on the number of years they spent with the company, and some qualify for supplemental unemployment benefits. The steel industry is being driven by the problems with the American automobile industry and the decreased demands for appliances and other goods, a spokesman for the United Steelworkers of America has said.