|
|
 |
| |
|
 |
Retaining Key Employees
|
| click
to enlarge |
With today’s economic pressures on both
companies and individuals, retaining key employees
has become increasingly challenging. The cost
of training sales and marketing personnel,
as well as other key personnel, can exceed
$150,000, factoring in salary and benefits
of trainees and the hard costs of training
and development programs. Yet, it is not unusual
for trainees or young, promising sales reps
to “jump ship,” lured by stock
options, a small sign-on bonus and/or a small
increase in pay by another company. The consequence?
The original company loses its training investment,
and the employee probably has made his/her
first mistake (of perhaps, many) in valuing
upfront cash over more lucrative long-term
benefits. (See “Job
Hoppers Pay Dearly at Retirement”
above.)
To assist companies in this important area,
Brick & Kyle has developed a Retention/Recruitment
of Key Employees Program, which includes the
following elements:
- Customized Seminars for Small Employee
Groups to reinforce a company’s benefits
programs, to demonstrate ways the employee
can be more productive in order to increase
salary and bonuses, and to address the real
cost of “job hopping,” particularly
for those companies that have defined benefit
pension plans.
- An Interactive Software Program that
can also be used by human resources personnel,
middle managers and regional managers on an
individual basis with key employees to reinforce
the benefits of working for the company. As
a recruiting tool, this program can also be
used to highlight a company’s strong
benefits program and competitive compensation
program to attract high potential employees
from other firms.
- Individual Counseling with Key Employees
on an as-needed or scheduled basis to provide
reinforcement of the company’s total
compensation value from an objective, outside
source. These counseling sessions would be
conducted on a completely confidential level
to ensure the appropriate level of trust with
the employee.
Brick & Kyle’s Retention/Recruitment
Programs can be customized to the unique needs
of any company.
Click here to review
Frequently Asked Questions
about this and other Brick & Kyle Corporate
Programs. |
|
|
|
|
|
