Retention of Current Employees
The lack of qualified employees in the U.S. has been documented extensively and finding good candidates for positions is increasingly difficult. As a result, retaining current staff is a critical issue for most businesses and organizations. Research has demonstrated that the single most frequent reason give for individuals leaving their current employment is due to a feeling of lack of appreciation (as opposed to financial reasons.)
Thus, the more frequently that employers, supervisors and managers can accurately and practically communicate appreciation to valued employees, the more likely they will be able to retain their quality staff. The MBA Inventory, MBA Report, and Appreciation Action Checklist were designed specifically to meet this need.
Training and Acculturation of New Employees
Given the difficulty of finding quality employees, it is imperative for employers to be able to successfully integrate newly hired staff. Research has demonstrated that the hiring process is only about 50% of the issues contributing to a successful hire. The remaining 50% lies in the initial training and acculturation of the new employee (many new employees decide to leave after six to twelve months of their employment, which creates huge training costs for the employer.) Identifying in what ways the new employees feel appreciated and valued is a key step and critical information needed for managers to successfully solidify the placement of recently hired staff.