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Managing Employee Retention
Managing Employee Retention
Managing Employee Retention
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Why is it important to hire and retain the best talent for Northrop Grumman and what is the best way to do it? The company's competitive edge depends on the strength of leaders. Hiring, managing, and retaining top talent, needs to be at the core of company success, now and into the future. When good employees leave the company, the company loses in many ways. The departure may trigger the need for a replacement. Money and other resources will be required to hire and to train a new employee and get them up-to-speed on the corporate culture and within individual work groups. Likewise, the longer a top performing employee contributes to projects, programs and daily operations, the more valuable they become to company success. When the employee …show more content…
Most importantly however, mentoring enables aspiring employees to reach their potential and become future leaders of the organization. Again, employee perception of an investment in their future will produce a compelling retention incentive. Overall, mentoring is a key retention strategy, especially for the young …show more content…
Establishing guidelines for a flexible work agreement will optimize employee work-life balance away from the traditional office environment. By implementing flexible work arrangements, the company is communicating its desires to reduce or eliminate employee commuting time, while increasing employee engagement and satisfaction. A healthy work-life balance is necessary, and individuals need to see that the organization recognizes its
There is little scientific knowledge when it comes to mentoring effects on future outcomes; in addition posing confusion as to how these programs continue to emerge. A major component in regards to program effectiveness is in measurement or evaluation of its structure (Deutsch, N., & Spencer, R., 2009). This is done by conducting surveys, focus groups, and interviews (Deutsch, N., & Spencer, R. (2009); Karcher, M., & Nakkula, M. (2010); Diehl, D. C., Howse, R. B., & Trivette, C. M. (2011); Osgood, 2012; Williams, 2011). Studies gives the researcher insight into knowledge that otherwise wouldn’t be known, in order to understand mentoring reactions and relationship styles better (Karcher, M., & Nakkula, M. (2010); Christens, B. D., & Peterson, N. A. (2012); Diehl et al., 2011; Leyton‐Armakan, J., Lawrence, E., Deutsch, N., Lee Williams, J., & Henneberger, A. (2012); Meyer, K. C., & Bouchey, H. A. (2010).
Mentoring can be that hand that reaches down and pulls you out of the pit. Mentoring can change lives forever and create permanent relationships. Mentoring can help a child get on the right track if they do not have someone else to help them. Whether they have grown up without active parents, have gotten into trouble from time to time, or even if they are a straight A student, the youth needs mentoring. It will build a country that has a solid foundation in which the current youth of America will one day lead. Mentoring proves that “regardless of background, [all children] are equipped to achieve their dreams” (Bruce and
Employees are increasingly interested in jobs with flexible work schedules. What factors are driving this interest?
He says that mentoring is something that leaders should do throughout their career since it is not only beneficial to themselves, but it is also beneficial to the person they are mentoring. It is important to identify and groom key players and use aggressive mentoring to not only lift up your employee, but it also improves the skills of the mentor. In today’s society, he has found that it is important to spend at least one day a month mentoring your key players including people who are showing great potential. Mentoring should be done at all levels of leadership, including junior managers. Mentoring is important at all levels of management in order to develop future leaders (Flaum,
Trying to maintain positive employee morale is a constant struggle for many organizations. People struggle with day to day life responsibilities. Many people have different personal and family obligations. Most organizations do not have time and schedule flexibility which becomes overwhelming for some employees. Employees can face setbacks or roadblocks due to lack of flexibility within an organization that can create poor attendance and work performance. These issues create many difficulties for an organization. Flextime benefits have shown to be both beneficial to the employee and organization. The concept of flextime is timely, important, and also controversial within the human management field. Utilizing flextime is a current human resource challenge. Flextime has both positives and negatives which will be further discussed below.
Chapter three explains the importance of having the right people working for the company. The right people should be considered the most important asset in the company. In order for a company to go from good to great, it must start with having the right people in the right places. Collins refers to it as getting the right people on the bus and getting the wrong people off the bus. This concept starts with the “who” then the “what”.
In the modern era of technology and convenience, organizations have begin to provide their employees with helpful ways to balance their work and non-work roles through benefits like flexible work hours, telecommuting, and so on. Following are some examples of work- life balance policies or arrangements adopted by large organizations: 1. Organizational culture and working hours in W.L. Gore & Associates, Inc. W.L. Gore & Associates, Inc. is a global, privately held company headquartered in Newark, Delaware, United States. It employs approximately 8,000 associates (current employees). Gore produces proprietary technologies with versatile polymer polytetrafluoroethylene (PTFE) used in products in the health care and leisure industries.
Recruiting the perfect candidate will take consideration from current higher supervisors and leaders. To become a successful business, you must train your employees and to make sure you keep ongoing training available. Training is the most important keys to success. In order to keep morale up, you must motivate your employee’s by giving recognition for their hard work and dedication. Dunkin’ Donuts is the world’s leading coffee and baked good’s chain and serves more than 3 million customers per day (Dunkin Donuts,
The process of mentoring is a lot like panning for gold. The amount of gold you can extract would depend upon the finesse and patience with which you shake the pan. Mentoring is all about teaching the protégé how to shake the pan. Like you adeptly sieve through the black sand to spot flecks of gold that it has successfully masked, mentors look beyond the obvious, sight the invisible and extract the best out of the protégé as both the mentor and the mentee move patiently along the path of shared discovery.
Mentoring program becomes instrumental and breakdown barriers as employees are interacting and carrying out the organization’s vision. This allows employees to interact with employees of different cultures and backgrounds with the goal that one will learn more about the individual.
It allows employees time to develop other aspects of their, deal with caring responsibilities, make time for special events and to handle emergencies. Flexible working enables employers to extend the working day, improve customer service and increase output. It can also ensure the organization can meet variable and seasonal fluctuating whilst reducing absenteeism and sickness rates and improving punctuality. By using flexible working options, employers can preserve the skill base and maintain their work force, whilst employers have greater job security.
This study examines alternate work arrangements by means of a general, non-comprehensive literature review of the subject matter. In an ever-increasing desire for work life balance, employees, especially professional employees, are looking for positions that will complement their home life. Whether they have small children, aging parents or they appreciate their free time, both men and women have begun to look for workplaces that allow them to balance those parts of their life. Significant time has been devoted to the research of these alternate work arrangements and in this review, six types of alternate work arrangements will be discussed. 1) Flex-time; a flexible work schedule that accommodates the employee and results in the completion
Mentoring relationships are meant to be beneficial to both mentee and mentor, due to the openness and trust of the relationship. Mentors benefit from the relationship by building their leadership skills, self-esteem, and patience. It also, gives them a sense of accomplishment, purpose, value, and appreciation. Additionally, mentoring exposes them to other people’s perspectives and experiences, enhances their own skills, and gives them insight into their own past experiences and childhood ("Benefits of Mentoring." , Bonner, Hollister, "Key Benefits of Mentoring.").
For the most part, mentoring is when you teach someone else skills or knowledge that you have acquired. Usually, mentors and mentees engage in this activity in a controlled setting, like at a school or workplace. However, while that does have some intrinsic value, there is a lot to be said for “real-world” mentoring
Investing in a successful mentoring process shows the company has an interest and dedication to the development of its staff. With a good mentoring program, managers can look to help new employees “learn the ropes”, help promoted staff fulfil and comprehend new roles, increase communication and socialisation within a workforce and ensure knowledge and “tacit knowledge” and experience is shared and passed along our junior members. Mentoring is becoming more and more seen within our organisations. It can be shown to help protégés perform better on the job, advance more rapidly within the organisation, express lower turnover intentions than their non-mentored counterparts and report more job and career satisfaction (Poe, 2002).