In many engineering and IT environments, the main focus points back to security. That’s because the success of many firms relies heavily on protecting their intellectual property. Along with security, engineering firms must also focus on managing their workforce in order to maximize ROI on every project. This starts with tracking how much time your […]Read More >
How To Lose A Good Employee
- nettime solutions staff
As a business owner or an executive employee your primary focus is likely product development and client support. As a result, managing your employees or staff on a day-to-day basis can get neglected.
As long as progress is being made and deadlines are being met, they’re good to go right?
Unfortunately, that’s the mindset in many organizations.
Employee wages represent up to 50 percent of a company’s expenses. With such a high margin on the table, you would think organizations would want to remove that risk and re-prioritize their focus on fostering their talent from the inside out so their employees are dedicated and engaged with the work they’re hired to do.
If you’re looking to unload your higher performing employees, keep doing these things:
- Choose talent based on what worked before, not on where the company’s heading in the future.
- Focus solely on profits; fail to spend time articulating the importance and value of an employee’s work that contributes to the bottom line.
- Measure hours, not results. The more time an employee puts in, the more dedicated they are.
- Hoard all of the information to avoid empowering mid-level employees; leave decision making strictly to the executive team.
- Don’t bother training your employees, it’s costly and placing them in a ‘sink or swim’ situation will determine if they truly want the job and/or are ambitious enough to succeed.
- Hire outsiders or outsource all of the core responsibilities because it’s cheaper and less time consuming.
If any of this sounds familiar perhaps it’s time to make a few changes. After all, what your competitors are succeeding at won’t hurt you, right? Wrong…
Companies who make it a priority to develop and support their staff understand that their best assets are often the ones already working for them. Bottom line – encourage personal and professional development and challenge employees to be creative and ambitious. The more support you provide them, the more opportunity you’ll have to grow and develop the business together.
If you’re looking to create an environment that encourages engagement through recognition, a comprehensive workforce management system may be the next step to achieving that. An effective workforce management system can help you monitor, track and reward employee behaviors based on attendance and project completion status.