How to Retain Senior Employees and Stop Brain Drain

How to Retain Senior Employees and Stop Brain DrainHow to Retain Senior Employees and Stop Brain DrainHow to Retain Senior Employees and Stop Brain Drain RossheimWith the labor market, the stock market and 401(k)s all on the rebound, senior managers who have been hunkered down for five years are now considering their employment options.To avoid a brain drain, smart companies are reassessing their employee retentionstrategies for how to retain senior employees. Here are eight top retentionstrategies for 2014.Top talent wants top challenges. First, beware of anyone who tries to sell you on a gimmick for retaining top employees. Remember that more than anything else, top talent simply wants to be exercised.Thats why taking on responsibility and working on challenging tasks are the career-enhancing opportunities that executives cited most frequently in a survey reported in the Wall Street Journal by Elizabeth Craig, John Kimberly and Peter Cheese.Its the money, stupid. Of course, many of us mere mortals are motivated by big financial carrots that can be claimed in a year or five. For senior employees, a competitive salaryis only part of the story.In 2014, the chief forms of deferred compensation for retention of executives are stock options, long term incentive plans (LTIPs), profit sharing with vesting and a 401(k) match with vesting, says Charley Polachi, managing partner at Polachi Access Executive Searchin Boston.What matters to young Boomers and old Xers. Lets face it Todays multigenerational workforcediffers when it comes to retaining senior employees.Executives in their 40s or 50s have been around for a while, and theyre driven by influence and power, says Angelo Kinicki, a professor at the W. P. Carey School of Business at Arizona State University. They want to stay in an organization that gives them opportunities to make change.What matters to Millennials and younger Xers. Younger, fast-rising managers may be looking for more coaching and better preparatio n for furtherbei advancement particularly with masteringsoft skills.Execs in their 30s have often been promoted without having all the skills from managing people to interpreting financial statements that they might need, says Kinicki. What might keep them at their companies is the opportunity to train and to be on projects where they can hone those skills.Fit the retention tactic to the person. It should come as no surprise that many executives who have made unique contributions to the enterprise will not be enticed by generic efforts aimed at retaining senior employees.One-size-fits-all retention packages are usually unsuccessful in persuading a diverse group of key employees to stay. Instead, companies should tailor retention approaches to the mindsets and motivations of specific employees (as well as to the express nature of the changes involved), says a report by consulting firm McKinsey Co.But beware inequity and jealousy. If, in your efforts to retain senior workers, you d o offer one executive a customized perk for continued loyalty to the company, dont expect that her peers wont be miffed if they learn of it.Anytime you individualize, you can create feelings of inequity, says Kinicki. So you need to be very careful about it. But in the end, you have to reward those who deserve it, to get them to stay. Even for upper management, work/life balance is a draw. More and more, executives who have given up a lot on the personal side to excel in business and have earned a measure of financial independence in the process want to reclaim some balance in their lives.Thats why even at the executive level, workplace flexibilityhas become a key recruitment tool and a way to retain older workers, says Katie Bouton, president of Koya Leadership Partnersin Newburyport, Mass.Consider offering sabbaticals. An extended period of paid time off may be the ultimate loyalty-builder for top talent. Executives who took a sabbatical have told me, This is a wonderful perk th e company cares about me as an individual, they want me to have the opportunity to regenerate, says Frank Faeth, principal at Faeth Consultingin Bronxville, N.Y. People come back recharged and refocused, and they say they feel more tightly aligned with the company.What if the executive uses the time to find a new employer? If executives who take sabbaticals end up leaving the company, so be it, says Faeth. If they believe theyd be happier elsewhere, then its best for everyone that they move on.Even the toughest execs are seeking meaning. As many senior managers seek more balance in their lives, many will also stay with an employer longer if the company connects to its community or otherwise provides meaning beyond the bottom line.Private enterprises might borrow a page from the non-profit sector, says Bouton. Non-profits leverage employee engagement with the meaning that senior executives find in the work. At nonprofits, senior executives believe in what theyre doing.

The Importance of Building a Good Mentor and Mentee Relationship

The Importance of Building a Good Mentor and Mentee RelationshipThe Importance of Building a Good Mentor and Mentee RelationshipIf youre starting on a professional path, education and experience can help you to be successful. But sometimes you need advice that you cant get from a book or a classroom. Sometimes you just need someone you can talk to- someone who can advise you on a professional level and also connect to you personally. Thats where a good berater and mentee relationship comes in.Some people may come across mentors organically. They may meet them on their professional or personal paths and develop into a mentor and mentee relationship. Its also possible to find mentors through online services.Regardless of how you come across a mentor, here are some ways you can benefit from building a good mentor and mentee relationshipA mentor knows the real absprache.When youre dealing with a difficult situation, sometimes there are answers you just cant get from a book. A mentor can speak from experience, giving you specific information on how to deal with these situations.Theyll break down your illusions and show you how things really get done. This may be a dose of harsh reality for some, but those who learn these lessons will be better prepared to deal with the real world.A mentor teaches valuable life lessons.A mentor may expose you to a harsh reality of how things work in the business world, but in doing so, youll learn many valuable life lessons. These includeHumility Understanding that your professional path may take you on a journey that requires more than a wall of diplomas will make you humble and better prepare you to be comfortable with your failures and proud of your achievements.Wisdom Wisdom is more than knowledge. Its a deep understanding of life situations and how emotions and unexpected factors can come into play in your professional life.Experiential Intuition By sharing life experiences, a mentor can help you to understand situations and lea rn how to react to them based on gut feelings.How to develop a good mentor and mentee relationshipNow that we know a bit about how a mentor can help you, its also important for those who are being mentored to learn how to get the most out of their mentorship.Use your mentors time wisely.When meeting with your mentor, remember that their time is valuable. Use your time wisely by focusing on whats important. Make sure youre prepared in advance with whatever questions you may have.Its also a good idea to give your mentor a progress report during your meetings. They will be happy to hear about your accomplishments and be more enthusiastic about helping you if they know you are taking their advice to heart.Ask for feedback.Feedback is valuable in a professional situation, but coworkers and bosses might not be forthcoming due to time restraints or fear of eliciting an emotional response. A mentor-mentee meeting is a perfect time to receive valuable feedback.Dont be afraid to ask your ment or questions like How can I improve? and What am I not doing that I should be?Build trust with your mentor.Not only can a mentor offer you great advice to kick off your career, they also may be able to open doors for you by creating opportunities or making connections and recommendations. However, before this happens, your mentor must know they can trust you. Help to build this trust by following through on what youre saying and doing your very best work to solidify your mentor and mentee relationship.Having a mentor can be very valuable in your professional life. They can give you priceless advice and even open doors for you on your career path.If youre looking for mentorship and no one you know seems to fit that role, you can find mentorship services online at Mentspot.com. Mentspot not only will help you find a mentor, it also offers services for mentors to create an online profile to find mentees.

6 Solid Reasons to Leave Your Good Job - The Muse

6 Solid Reasons to Leave Your Good Job - The Muse6 Solid Reasons to Leave Your Good JobSometimes in your career, there are unterstellung giant, flashing, neon signs that seem to yell, Hey, you Yeah, you with the miserable look on your face Its time for you to blow this popsicle stand and find yourself a new gig.Maybe you hate your boss or your responsibilities make you want to cry. Perhaps youve been consistently skipped over for promotions. Or, maybe youre blatantly mistreated.Either way, its painfully obvious to you that you need to leave your job.But, other times? Well, the signs that are telling you its time to hit the road are far too easy to cruise right by. In fact, theyre often missed altogether and simply written off as a normal part of being employed. What sort of cryptic hints am I talking about? Well, here are six not-so-obvious signs you should probably dust off that resume and look for something new.1. Youre Always UnmotivatedYou get your work done. But, youll also be t he first to admit that its a daily struggle. Forcing yourself to sit at your desk and trudge your way through your to-do list feels like a feat of superhuman strength. And, you find that- instead of aiming to go above and beyond- youre always scraping by with the bare minimum.Listen, we all have those days when wed rather be doing anything else. However, that shouldnt be the day-to-day norm in your job. If you find yourself feeling constantly lazy, unmotivated, and just plain disinterested? That could be a clear indicator that its time to look for something that will set your heart on fire again. 2. Youve Been Doing the Same Thing Since Day OneYouve worked in your current role for a while. When you compare what you do today to your very first day on the job? Everything looks pretty much identical.You havent been challenged to push your boundaries and accept new assignments. You havent had the opportunity to take on additional responsibilities. In fact, its tough for you to find a si ngle thing thats changed or grown in the course of your tenure. Feeling comfortable and confident in your career is one thing. But, feeling glued in place? Thats an entirely separate problem. When you begin to realize that youre stuck in neutral, that might mean its time to either speak with your boss (this article has some great tips), or find a new role that will allow you to expand your horizons a little more. 3. Your Stress Levels at a Constant HighYour stomachs always in knots. Your fingernails are practically nonexistent from your constant chewing. You cant seem to even take a two-minute bathroom break without checking your inbox.A certain amount of stress is normal- every job has those tasks or moments that inspire a bit of palm sweat or anxious lip chewing. And, maybe youre somebody who enjoys and thrives in a high-pressure and fast-paced environment. Hey, if stress is what motivates and fulfills you at work, more power to you But, if you discover that constantly feeling li ke a tangled bundle of nerves is really only dragging you down inside the office and out, its worth exploring some other opportunities where your stress level wont need to be at a constant high. 4. Youre IrritableYou find yourself snapping at your loved ones. The smallest annoyances can inspire an exasperated groan and an eye roll that could be seen from the space station. Even when youre clocked out for the day, you feel inexplicably grouchy. Have you considered the fact that your job could be the reason? As someone who had a position that turned her into a regular Debbie Downer without even realizing it, I know firsthand that your career can have a huge impact on how you feel outside of the office- for better or for worse.Are you far less irritable on the weekends? Chances are, your positions coloring your outlook more than you even care to admit. It might be time to search for greener (and happier) pastures. FACT IT NEVER HURTS TO LOOK AROUND AND SEE WHATS OUT THERESo why not spe nd five minutes looking at awesome job openingsjust click here 5. You Cant Remember the Last Time You Were Excited to Go to WorkAlright, there are very few of us who cartwheel out of bed on Monday. Nobody is always thrilled to head into work.But, if you cant remember the last time you felt the smallest inkling of excitement to tackle a new project, participate in a brainstorming session, or even dominate your offices guacamole competition? Thats a problem.Expecting to feel over-the-moon enthusiasm every single days unreasonable. However, if youre filled with a feeling of dread- even on days that are supposed to be easy or fun at work (hello, theres guacamole)- its in your best interest to find something that will reignite your passion. 6. Youve Considered Getting a New JobA few times, youve thought about quitting your job and finding something new. Sure, you never really gave the idea serious consideration or took any steps to actually make it happen. But, youve mulled it over a few times- you even mentioned it in passing over a shared appetizer with your friends.Thinking about job searching is sort of like trying to put toothpaste back in the tube- once its out there, its out there. Consider this If you were really all that satisfied with where you are now in your career, you likely wouldnt have even entertained the thought of jumping ship. Maybe- just maybe- your subconscious is trying to tell you something here.There can be a dangerously fine line between normal work grievances and red flags that indicate that its time for you to pack up your desk and find yourself a new job. Yes, all of these signs are easy to write off as problems that everybody deals with- theyre normal.But, the difference lies in consistency. If youre feeling, doing, or saying these sorts of things on a regular basis, thats symptomatic of more than just a bad workday.So, if you found yourself nodding along with one (or all) of these signs, it might be time to give some serious considera tion to finding yourself a new position.

Survey finds that Millennials in tech wont be promoted after the ancient age of 36

Survey finds that Millennials in tech wont be promoted after the ancient age of 36Survey finds that Millennials in tech wont be promoted after the ancient age of 36Millennials in tech are getting the lions share of promotions, scooping up 70% of them, according to new data from software company Visier.Based onan aggregated database analysis of 300,000 employees from 43 companies (a subset of their customers), newly identified data shows that not only are technology companies hiring Millennials at a faster rate (they account for more than 43% of all jobs in tech), but those same Millennials are also receiving the lions share of promotional opportunities.As for the rest of the promotions, 25% went to Gen X workers, and 4.3% to Baby Boomers.Also, it welches found that the frequency of promotions for tech workers rapidly decline after age 36.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreWhen aske d if the numbers Visier uncovered looked unusual, Dave Weisbeck, chief strategy officer, said they did.What the data does show is that there is a very huge disproportion of young hires in tech, by comparison to all other industries, he said.While it was difficult to make accusations of ageism through data alone, Weisbeck said, Bias is bias. So if you have bias, you should look to get rid of it.What he was more concerned about was the situation of older workers in tech an industry where 40 is considered an older worker.I do worry about the bias against older workers, who are now in the twilight of their careers, and find themselves suddenly unemployable, he said.Ageism is an integral problem in the industry. In 2007, Facebook CEO Mark Zuckerberg said about his hiring practices, Young people are just smarter. A recent survey showed that age discrimination for tech founders starts at age 36.Between 2008 and 2015, age discrimination was the subject of226 official complaints filed again st Silicon Valleysbiggest tech companies.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from jngste im bunde Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

Definitions of Blank Resume Form

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A Secret Weapon for Blank Res ume Form The attractiveness of utilizing a template is that it is possible to make changes on the fly. Select a resume style Resume styles and formats are two individual parts of the resume puzzle, and youre going to need to think about both. A template is simply for structure and fashion. Utilizing a resume template has turned into an acceptable and smart practice for numerous explanations. It ought to be visually compelling without being over the top if youre applying to a conventional business. It is essential document that each and every work applicant has to fill out in order to submit an application for the position marketed by the business. Your resume will function as a marketing tool which will somehow construct your career as an employee through mutual efforts and gains with the business and your employer also. 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Writing a Fantastic Resume Exposed

Writing a Fantastic Resume Exposed Writing a Fantastic Resume at a Glance The very first thing they wish to see is the skill summary. Resume examples at no cost will help you in a detailed process on easy techniques to compose your resume. Resume examples at no cost will aid you in a detailed process on the ideal means to compose your resume. Resume examples totally free will help you in a detailed course of on find out the way to compose your resume. Ultimately, jot down all the several weeks and several years of experience youve got for each one of the skills you might have outlined. Even supposing its among the most typical ways, there are lots of others, as we can cover underneath. Make sure that you look closely at the work description, paying attention to phrasing that you could reuse during an interview. Nowadays you tell the remainder of the best of your story. Companies might want to hear you speak about your expertise versus just simply inquiring youve worked w ith a certain program. If you are a newcomer to the work market, your Summary is going to be based mora on ability than experience. Resumes happen to get asked to secure employment in a corporation. Needless to say HR personnel of the majority of companies are excellent in the event of detail. Writing a Fantastic Resume for Dummies Searching for a job proper now could be rather tricky. Searching for it right now is fairly challenging. Searching for it right now could be pretty difficult. On the lookout for it right nows pretty difficult. Resume examples totally free will assist you in a step-by-step path of on how youre able to write your resume. There are quite a lot of places the place you will acquire good resume examples. There are a number of locations where you might acquire good resume examples. There are quite a lot of locations the place you will acquire good resume examples. Just keep in mind that the hiring manager is going to begin at the very top and start scanning. Bear in mind that your resume is your very first line of defense in regards to touchdown your ideal job. Remember that your resume is your very first field of protection in the instance of touchdown your ideal job. Try to remember that your resume is your very first field of protection on the field of landing your very best job. A well written resume is one thats leid overly overwhelming in the opinion of employers. A well written resume is one that is not so overwhelming in the opinion of employers. An effectively written resume is one thats not overly overwhelming within the opinion of employers.