Retaining employees in a tight labour market
Vancouver Public Library sheds light on ways to keep valuable workers on board
By Vancouver Public Library/Business in Vancouver
Employee turnover costs businesses time and money to recruit and train replacements. It's even more expensive
when good employees are scarce. Save yourself the headache by taking advice from this curated list of books.
Hire Smart from the Start: The Entrepreneur's Guide to Finding, Catching, and Keeping the Best Talent for Your Company by Dave Carvajal
Finding and keeping valuable employees in today's economy is becoming increasingly challenging, particularly in Vancouver as housing prices push people farther away. Dave Carvajal advocates that employee retention starts with recruitment and that managers need to refocus their attention on the hiring process and screen for the right candidates. Carvajal specifically targets entrepreneurs to help them achieve company success.
Help Them Grow or Watch Them Go: Career Conversations Employees Want by Beverly Kaye and Julie Winkle Giulioni
Investing in your employees' education and professional development is key to high retention rates. Beverly Kaye and Julie Winkle Giulioni build on this concept by identifying three major areas that are required to outline a clear path toward career advancement. The goal is to keep employees engaged, motivated and invested so that they feel valued and actually want to stay.
Talent Wins: The New Playbook for Putting People First by Ram Charan, Dominic Barton and Dennis Carey
Is your business stuck in the mire of traditional recruitment strategies? Take a look at this book for its creative approach to putting people first. The authors suggest that it is no longer viable for businesses to plan ahead. Instead, they need to consider the moment and get the right talent on board to remain competitive. Talent Wins includes a seven-part plan and examples from company giants like PepsiCo that have adopted this innovative approach.
The Power of People Skills: How to Eliminate 90% of Your HR Problems and Dramatically Increase Team and Company Morale and Performance by Trevor Throness
Does your company have problem people? Those people that keep you awake at night whether they are managers or colleagues? Trevor Throness has some positive solutions for improving your business environment. He suggests having great performers in key seats to elevate your workplace culture from mediocre to great. From Vancouver, Throness is a business coach who typically works with companies that earn $2 million per year and over in sales.
Radical Candor: Be a Kick-Ass Boss without Losing Your Humanity by Kim Scott
In this New York Times and Wall Street Journal bestseller, Kim Scott shows that the key to building successful employer-employee relationships is honesty. This means treating your employees like adults whom you care about and respect enough to be straight with - whether that means praise or criticism. By being the kind of boss who is willing to give direct feedback and guidance rather than trying to subtly manipulate behaviour in the desired direction, you might just earn the trust and loyalty of your employees in a way that can't be bought with fancy perks or raises. ¥
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