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Every manager should seek to know the stay/leave propensity of his or her subordinates and certainly that of top performers. Recognizing these signs and factoring them into an assessment of employee loss risk is important to a manager’s ability to retain top talent. Talent Management Best Practice 1 – Ensure Employability.
From my perspective, chasing the dream not the paper is applicable whether you’re running a business or managing your career. On the flip side, people who I know who don’t love their jobs but make lots of money seem to spend a lot of time throwing around words like “goldenhandcuffs” and seem to be perpetually stressed and unhappy.
Business development. So were professional development programs, rewards for random acts of kindness and other empowerment initiatives. It was very ‘old school’ (a management style that was 40 years obsolete), though it pretended to be ‘new school.’ Running the business. Body of Knowledge. Communications.
Manage culture by setting expectations appropriately. Manage the arduously long sales cycle. When one customer is responsible for the lion’s share of your sales, it’s like goldenhandcuffs. The challenge is to cast off the handcuffs while keeping the gold. Innovate and invest, even when it hurts.
In doing so, they acquired extensive experience in developing sturdier equipment and materials – such as chew-proof wires — which helped them later on to gain several big business accounts in the Middle East, where similar problems stymied the multinational firms. As he puts it, he wants everyone to act like the boss.
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