Part 1 of 2-Part Series on the Important and Timely Issue of Employee Retention There is a saying that employees don’t leave companies, they leave managers. Today they are leaving more than ever. According to recent U.S. Department of Labor statistics, the average tenure of an employee in the U.S. is now only 1.5 years. […]
The numbers are staggering. 10,000 Baby Boomers hit retirement age every day and 60% of all business owners are over age 55. According to recent surveys by the Exit Planning Institute, PNC Bank and Kent State, 80% of business owners have no transition plan, or have not documented or communicated a succession plan. Furthermore, 80% […]
Sandy has a problem. As head of a mid-sized consumer products manufacturer, her National Sales Manager just gave her two weeks notice. Her current plan to fill the position is to do what she has always done before – hire a couple of “contingency” recruiters, which will compete against each other, to quickly find her […]
