The Official ASTD Blog
Learning Industry News and Opinion

Embracing Open-Book Management to Fuel Employee Engagement and Corporate Sustainability

February 9, 2012 15:00 by Ann Pace

(From UNC Kenan-Flagler) -- When John Case and Jack Stack first introduced the concept of open-book management more than 30 years ago, the intent was to unleash the entrepreneur in every employee and to spur them—and their organizations—to better performance. Since then, countless organizations have opened their books and engaged their employees in understanding the critical numbers with positive results to their bottom lines. Although the original goals of open-book management were improved profitability and productivity, organizations have realized other benefits from the practice. These benefits include improved employee satisfaction, engagement, retention, motivation, innovation and corporate sustainability.

Download the free whitepaper.


Tags: , , , , ,

Categories: News | Research

Categories: News | Research
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Retaining Employees: 5 Things You Need to Know

February 2, 2012 15:00 by Ann Pace

(From The Huffington Post) -- Even when the economy is tough -- and maybe especially then -- it's never a bad idea to show your employees appreciation. You may have a few knuckleheads you wouldn't be sorry to see go, were they to walk out, but the last thing you need is your best employees to leave you high and dry.

And they will, if you take them for granted. After all, especially in a world in which retiring with a gold watch is increasingly a fantasy, why should talented employees stick around if they aren't being treated like a best employee should be? It can obviously cost thousands of dollars to train a new employee, depending on the position, especially taking into account all the money a company can lose when its talent isn't around to land new accounts, maintain quality control and provide superior customer service. (There are a lot of employee turnover calculators online to prove this point, like this one. So if you want to keep your employees happy, in both good and bad times, here are five things you need to know.

Read more.


Tags: , ,

Categories: News

Categories: News
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

10 Tips on Retaining Employees

December 15, 2011 12:30 by Ann Pace

(From Business Insider) -- You and the team worked extremely hard to turn an idea into reality. You may even think it is time to breathe a sigh of relief. The company is up and running now. However, your employees may have different ideas. Do you know what your employees are thinking, and are you worried about keeping them? Retention is paramount in any organization, and there are ways to ensure you retain your most outstanding employees.

1. Know Your Employees and Their Skills
Most well-trained employees will have other skills. When a unique situation arises, instead of hiring outside help for a short-term project, turn to the in-house talent. Let your people shine and offer them a chance to show off a little.

2. Employees Work for You, Not the Company
You may feel at times that your employees should have the same level of commitment as you. Why should they? They are not you, and they do not run the company. When employees quit they are quitting on their boss. They work for you, but they may not have the same level of commitment to the company as you. You cannot force anyone to have a passion for something. You and the company must earn that. Often times in large organizations you are the company as far as the employees are concerned.

Read more.


Tags: , ,

Categories: News

Categories: News
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Employee Engagement Hits New Lows as Workers Feel Stuck

October 11, 2011 12:30 by Ann Pace

(From PRWEB) -- Modern Survey's recent study of employee engagement levels in the U.S. workforce has unveiled the somewhat disturbing reality that even while employee engagement is sinking to new lows only 21% of workers report that they are seeking new employment opportunities.

Conducted in September 2011, the most recent iteration of Modern Survey's bi-annual study found that 70% of employees are now either disengaged or under engaged at their job – a record high number since Modern Survey began tracking these numbers in 2007 before the recession started. Additionally, the number of fully engaged employees has dropped to a record low of just 8%. Compared to one year ago when 15% of the workforce was fully engaged, the most recent data demonstrates a profound deterioration in the number of workers who are fully committed to their work and to their organization.

Shockingly, while 70% of workers are disengaged or under engaged, approximately one fifth of workers reported that they are currently looking for a new job at a different organization – a percentage which is remarkably consistent across nearly all captured demographics, including job level, pay basis (salaried vs. hourly) and company size.

Read more.


Tags: , , ,

Categories: News | Research

Categories: News | Research
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Boosting engagement and retention by aligning rewards with employee preferences

March 10, 2011 17:00 by Ann Pace

(From Smart Business) -- After two years of layoffs, salary freezes and shifting benefit costs, employers are worried about attracting, retaining and engaging top talent now that the economy is improving. In fact, 52 percent of U.S. employers say it’s already difficult to attract employees with critical skills and 25 percent say it’s hard to retain top performers according to the 2010 Towers Watson Global Talent Management and Rewards Survey.

Given these emerging challenges and the ongoing need to contain costs, it’s imperative that employers invest precious dollars in rewards that resonate with employees and prospects. Unfortunately, many organizations are using insufficient data or old intelligence to determine employee preferences, so they’re spending money on programs that have little impact on retention or engagement.

"There’s a gap between the rewards many employers are offering and what employees want,” says Darryl Roberts Ph.D., senior consultant for Organizational Surveys and Insights at Towers Watson. “By listening to their employees and giving them a say in determining their rewards, employers can boost engagement, retention and productivity without increasing expenditures.”

Read more.


Tags: , , , , ,

Categories: News

Categories: News
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Grant Thornton LLP Study Finds ‘Soft Skills’ Biggest Challenge in Hiring Accounting Professionals

July 15, 2010 12:00 by Ann Pace

(From BusinessWire) -- Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, one of the six global accounting organizations, today announced the release of a new report titled The Evolving Accounting Talent Profile: CFO strategies for attracting, training and retaining experienced accounting and finance professionals.

The study presents key research findings distilled from interviews with chief financial officers at publicly traded and privately held companies on the state of the accounting employment market, including staff development and job turnover. Building upon Grant Thornton’s survey of more than 500 U.S. senior finance executives in 2009, the new analysis presents insights on a range of concerns facing CFOs in the hiring and retaining of experienced finance professionals involved in formulating accounting policy, financial reporting, internal controls and compliance.

Grant Thornton’s survey revealed that skill sets beyond technical knowledge are critical when it comes to employing experienced accounting professionals most effectively. For example, 55% of respondents thought that the lack of employees with the necessary “soft skills” – communication, critical thinking and problem solving abilities – was the most significant challenge in recruiting seasoned accounting professionals. Workload and lifestyle were rated as the second most significant obstacles in hiring senior finance employees by 50% of respondents, followed by the dearth in technical skills among experienced accounting staffers.

Read more.


Tags: , , , ,

Categories: News | Research

Categories: News | Research
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Best Practices to Retain Top Performers After the Recession

April 6, 2010 18:30 by Ann Pace

(From PRWEB) -- With the economy improving, it's important for HR managers to focus on retaining top employees - the key revenue generators who historically jump ship when a recession recovers and are driven by considerations other than salary and benefits.

One significant survey of HR managers, predicts that a significant challenge for HR this year is the risk of weakened company growth because of the flight of top performers. To keep their best people, organizations must re-evaluate and possibly transform the way they recognize top performers.

I Love Rewards, the leader in results-driven employee rewards and recognition solutions, invites you to download its new white paper "Recognition Best Practices: Retaining Top Performers in the Recovering Economy," to learn more about this topic that is both timely and crucial for HR managers and organization leaders.

Read more.

For more information on employee retention, consider attending the session The Carrot Culture: How Recognition Training Accelerates Employee Engagement at the ASTD 2010 International Conference and Exposition!


Tags: , ,

Categories: News

Categories: News
Actions: E-mail | Permalink | Comments (1) | Comment RSSRSS comment feed

UK: Workplace divide set to 'widen rapidly'

February 17, 2010 07:00 by Ann Pace

By 2020 the elite – workers in technical, professional and managerial posts – will occupy a more powerful role, pressuring employers to radically rethink how they attract and retain their specialist skills.

On the other side of the jobs scale almost a million workers, typically unskilled men, with poor prospects and limited expectations, will fall into the "excluded" bracket.

The research carried out by Future Foundation for Friends Provident, the pensions and insurance group, says that by 2020 elite workers will be able to demand more in salary and benefits and experience a higher degree of personal and professional fulfilment than ever before.

By contrast, the excluded will be complacent and unwilling to change. Almost 60pc of them expect a salary increase every year and more than two-thirds feel their job is safe despite an uncertain economic climate.

Read the full article.


Tags: , , ,

Categories: International | News

10 steps to workplace happiness

January 19, 2010 14:00 by Ann Pace

You’re grateful to have a job, but your morale is in the gutter.

The past year has brought layoffs, furloughs, pay freezes, increased health care costs and heavier workloads. And it’s starting to eat at you.

You can’t control these factors, but there are things you can do to improve your outlook on work. From sprucing up to setting goals and being more positive, here are 10 tips to improve your workplace in 2010.Quantcast

1. Examine your job and look for ways to become more efficient and organized, says Julie Cummings, director of human resources for BKD, LLP in Springfield.

Search for ways you waste time, think about what can be consolidated and look for mundane tasks that may be outdated in this work environment. If you find something that is bogging you down or a task that could be eliminated, talk to your manager. The more organized you are, the less stressed you're likely to be.

Read the full article.


Tags: , , ,

Categories: News

Categories: News
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed

Retention and Talent Management following a downturn

December 8, 2009 16:30 by Ann Pace

(From PR Log) -- Following fairly severe economic slowdown across global economies, cost reduction efforts naturally took centre stage as organisations sought to maintain profitability and remain competitive. A shift is underway, however, because organisational reactions to the downturn have had major unintended consequences for the relationship between organisations and their employees from both a brand and talent management perspective.

It’s important to recognise that the decisions you make in regards to talent management this year have far reaching consequences, often setting the tone for the relationship with potential employees for years to come. Basically, the only thing more worrisome than the prospect of too much change is too little change, especially in a downturn where many competitors are chasing too few customers and dollars.

Read the full release.


Tags: , , ,

Categories: News | T+D

Categories: News | T+D
Actions: E-mail | Permalink | Comments (0) | Comment RSSRSS comment feed