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THE DACRI REPORT
April 1, 2011

IN THIS ISSUE

ABOUT RICK DACRI

STAR PERFORMERS EYEING GREENER PASTURES

MANAGEMENT TIPS

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4 EFFECTIVE WAYS TO REDUCE TURNOVER

MEDIA SPOTLIGHT

BOOKLETS, GUIDES, & IDEAS


 

ABOUT RICK DACRI
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Rick Dacri is the President of Dacri & Associates, a management consulting firm which provides organizations with powerful, sustainable workforce strategies that are tailored to help them accomplish their goals and better use their greatest resource-employees. Dacri is a recognized national speaker and is the author of the book Uncomplicating Management: Focus on Your Stars & Your Company Will Soar.

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Greetings

Spring is finally here. The days are getting longer and it is getting warmer outside--even here in Maine! The economy continues to improve, though much more slowly than we'd like.

As the recovery expands, some employees are beginning to use this time to look for other job opportunities. This edition of The Dacri Report will explore this issue and also provide you advice on how to retain your star performers.

Rick Dacri


  • STAR PERFORMERS EYEING GREENER PASTURES
  • Here comes the recovery. Employment, sales and capital expenditures are expected to increase over the next six months, according to the Business Roundtable survey. CEOs of the nation's leading companies expressed economic optimism in the CEO Economic Outlook survey. The national unemployment rate dropped from 9% to 8.9% in February, the lowest level in two years.

    Some 80% of the CEOs in the Roundtable survey expect their company's sales to increase and 45% expect more hiring in the next six months. While we aren't in the clear yet, there is reason for optimism. All signs point to a strengthening economy, though growth will be slow.

    Yet not all this news is promising for employers. As some employees gain confidence in an improving economy, many others will bail in 2011. Frustrated at cuts in pay and benefits, watching fellow employees lose their jobs, and fatigued due to working more with less will push workers to begin searching for better jobs. At the same time, external recruiters will target employers' star performers for poaching. As business improves, key staff will be in high demand, and those who are unprotected and unappreciated will be vulnerable and open to a recruiter's pitch.

    REAR ENTIRE ARTICLE
  • MANAGEMENT TIPS
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    Receive up-to-the-minute advisories, leadership tips, and legal updates by joining me on Linkedin, Facebook, and Twitter.

  • 4 EFFECTIVE WAYS TO REDUCE TURNOVER
  • Turnover, uncontrolled, can run havoc in an organization. But it can be reduced. Here are 4 effective ways to do it:

    1. Understand why it is occurring. Analyze your existing turnover: when it is occurring and where it is occurring. Once you know this you can develop strategies to correct.
    2. Develop your managers. When you have strong managers who know how to treat people, turnover goes away. Training is the most effective tool in reducing turnover. Remember, employees don't quit companies; they quit bosses.
    3. Find out why your people are staying. When you know why your good people are staying, you build upon this. Conduct annual employee engagement surveys.
    4. Hire better. Much of turnover comes from poor selection. Hire people who fit.

    Put in place these strategies and you will begin to see your turnover drop.

  • MEDIA SPOTLIGHT
  • I was recently interviewed for articles in MSN's Business on the move and the York County Coast Star.

    The MSN article was titled "When it is time to fire someone" and it focuses on understanding what is a terminating offence.

    The Star article titled "How to Uncomplicate Management" took a look at my management philosophy and reviewed my book Uncomplicating Management.

    To read both articles, click on the hyperlinks.

  • BOOKLETS, GUIDES, & IDEAS
  • tool box 2

    A number of tools and booklets to help you manage your workforce are available now. These include:

    • Sexual Harassment Prevention Toolbox
    • Preventing Discrimination & Harassment Guide
    • Strategies to Survive a Tough Economic Downturn Guide
    • Guide To Massachusetts Employment Laws for Managers
    • Employment Laws for Maine Organizations

    GET THESE TOOLS
    207-967-0837