Learn more about career with this collection
How to write clearly and concisely
How to use proper grammar and punctuation
How to structure a business document
Focus on growth, impact, and care
A few questions to ask yourself to check whether you’re on the right track or not:
- Have you had conversation with your employees about their long-term personal goals?
- Do you give a capable person a shot or do you hire someone with more experience?
- When people need to acquire new skills to advance their careers, what does your company do to help them?
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Impact
Impact applies at two levels; the impact your company is having on the world, and the impact an individual is having on your company.
People want to know that what their company is working on matters. Articulating a clear and purposeful company mission is important not just because it help ...
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Growth
Growth is fundamental to human happiness; the hedonic treadmill was built into all of us, and humans constantly seek growth and change.
The craving for growth is especially visible for the younger generation that i...
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Care
Feeling cared for and recognized addresses another basic human requirement; the need for human relationships and for others to acknowledge to us that we matter to them.
You need to build a culture where people respect and appreciate each other.
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Understanding the quantitative impact of employee churn
The cost of losing an employee can range from tens of thousands of dollars to 1.5–2.0X the employee’s annual salary. These costs include hiring, Onboarding, training, ramp time to peak productivity, the loss of engagement from others due to high turnover, higher business error rates, and general cul...
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The problem with not measuring employee turnover
The first surgeon general’s report on smoking and health linked smoking to lung cancer and heart disease in 1964. Aaron Carroll: most people have no framework for Quantifying this cost, or they never even bother to try. He says a critical first step is to help people understand the cost of not quitt...
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How to calculate your own cost of turnover
- Cost of hiring
- Cost of onboarding and training
- Cost of learning and development
- Cost of time with unfilled role
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Other curated ideas on this topic:
With Clarity Comes Focus
To build buy-in from your employees, you need to be clear and specific. Ask clarification questions, check for understanding and encourage an open and honest discussion.
When employees know what’s expected, they don’t waste time or energy. Instead, they maximize their time and skills.
Connect with current (or former) employees
Getting in touch with current and/or former team members can give you valuable knowledge.
- Consider asking the hiring manager to introduce you to a few employees who can answer your questions about culture.
- Or use LinkedIn to search for current and former emp...
Ask the Right Questions to Narrow Focus
- When novice players play chess, they focus on what to do with the pieces. They may try and visualise a few steps ahead, but mostly just react to the board without considering the reasons behind the pieces.
- Professional chess players focus on how their oppon...
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