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Fri, Mar 16, 2012

News & Events

Monster 5 for Friday: Goldman Sachs Edition

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Charging Bull, Wall StreetThis week, when top executive Greg Smith announced his resignation in a very public op-ed in the New York Times, critics began to compare his resignation methods to business dealings more akin to the popular show, Mad Men. Human resources leaders may have viewed Mr. Smith’s resignation as an HR retention disaster, lacking all steps of a graceful employee exit. This week’s events have been a call to human resources departments who are hiring in a progressively optimistic economic climate to stay attentive to always-critical workplace retention programs.

Retention continues to be one of the biggest challenges for employers, particularly with the Gen-Y workforce. Employers are far more focused on incentives like workplace culture, development and mentoring, along with embracing telecommuting and work-life balance initiatives, to help improve employee retention. There are also other steps in the recruiting process that may help determine whether or not your new talent is a good long-term fit, and help ensure employees don’t develop sentiments about your company à la Greg Smith.

There is a mountain of information on the topic of retention, but we picked five insightful articles that stood out from the rest this week:

5. Do you have a structured retention programs? Is it connected to your recruiting mission? Dr. John Sullivan plunges into the elements of a world-class retention program and whether or not your company needs one.

4. Thinking about hiring a freelancer? 85Broadsfour tips to successfully find and work with freelancers will help you identify the best person for the job and optimize the results.

3. Responses gathered in a Federal News Radio survey show that federal employees still aren’t embracing strategies to increase diversity and inclusion among their ranks, which was one part of an Obama Administration initiative. How do diversity hiring initiatives fit into retention plans? Emily Kopp fills us in.

2. Metrics and measurement have become key words across industries and departments. Employers and workers have turned to data in many cases to measure their efficiency and effectiveness. It looks like HR is now officially joining the crowd with the new cost-per-hire standard.

1. How can you close the back door to retain your best employees and prevent them from seeking another job? Recruiting firm Harris Allied offers some tips on how hiring managers can retain their talent through culture, constant collaboration and advancement.

How does your company vet talent during the hiring process? What are some of the innovative, successful retention methods that are working for you?? Post your thoughts below! We’ll see you next week for another roundup of the best human resources articles on the Web.

 

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