Transcript Document
10 Employee Retention, Engagement, and Careers Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-1 Learning Objectives 1. Describe a comprehensive approach to retaining employees. 2. Explain why employee engagement is important, and how to foster such engagement. 3. Discuss what employers and supervisors can do to support employees’ career development needs. Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-2 The Basics of Career Management • Career o The occupational positions a person has had over many years. • Career management o The process for enabling employees to better understand and develop their career skills and interests, and to use these skills and interests more effectively. • Career development o The lifelong series of activities that contribute to a person’s career exploration, establishment, success, and fulfillment. 10–3 The Basics of Career Management • Career planning o The deliberate process through which someone becomes aware of personal skills, interests, knowledge, motivations, and other characteristics; and establishes action plans to attain specific goals. • Careers today o Careers are no simple progressions of employment in one or two firms with a single profession. o Employees now want to exchange performance for training, learning, and development that keep them marketable. 10–4 Traditional Versus Career Development Focus Source: Adapted from Fred L. Otte and Peggy G. Hutcheson, Helping Employees Manage Careers (Upper Saddle River, NJ: Prentice Hall, 1992), p. 10. 10–5 Table 10–1 Career Management and Employee Commitment • The “New Psychological Contract” o Old contract: “Do your best and be loyal to us, and we’ll take care of your career.” o New contract: “Do your best for us and be loyal to us for as long as you’re here, and we’ll provide you with the developmental opportunities you’ll need to move on and have a successful career.” 10–6 The Employer’s Role in Career Development • Realistic job previews • Challenging first jobs • Career-oriented appraisals • Job rotation • Mentoring • Networking and interactions 10–7 Identify Your Career Stage • Growth stage • Exploration stage • Establishment stage o Trial substage o Stabilization substage o Midcareer crisis substage • Maintenance Stage • Decline Stage 10–8 Identify Your Occupational Orientation • Realistic orientation • Investigative orientation • Social orientation • Conventional orientation • Enterprising orientation • Artistic orientation 10–9 Example of Some Occupations that May Typify Each Occupational Theme Figure 10–A2 10–10 Managing Employee Turnover and Retention • Costs of turnover • Managing voluntary turnover • Reducing voluntary turnover Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-11 A Comprehensive Approach to Retaining Employees 1.Using effective selection techniques 2. Offering professional growth opportunities 3. Providing career direction 4. Offering meaningful work and encouraging ownership of goals Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-12 A Comprehensive Approach to Retaining Employees 5. 6. 7. 8. Recognition and rewards Culture and environment Promote work–life balance Acknowledge achievements Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-13 A Comprehensive Approach to Retaining Employees • Managing involuntary turnover • Talent management and employee retention Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-14 Why Employee Engagement is Important and Fostering such Engagement Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-15 Employee Engagement • Importance • Fostering • Monitoring Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-16 Employee Engagement • • • • Career terminology Careers today Psychological contract The employee’s role Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-17 The Employer’s Role in Career Management • Career Management Systems o o o o o Career centers and workshops Lifelong learning Career coaches Online programs Career-oriented appraisals The manager can do several things to support his or her subordinates’ career development needs including scheduling a regular performance appraisal. Managers must also make expectations clear. Finally, managers must focus on the extent to which the employee’s current skills and performance match career aspirations. Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-18 Improving Coaching Skills • Coaching and the closely related mentoring are key managerial skills. • Coaching means educating, instructing, and training subordinates. Mentoring means advising, counseling, and guiding. • Coaching focuses on teaching shorter-term job-related skills. Mentoring focuses on helping employees navigate longer-term career hazards. • Coaching and mentoring require both analytical and interpersonal skills. They require analysis because you must know what the problem is. They require interpersonal skills because it’s futile to know the problem if you can’t get the person to listen or change. Chapter 10-19 Improving Coaching Skills • We can best think of coaching in terms of a four-step process: preparation, planning, active coaching, and follow-up. • Preparation means understanding the problem, the employee, and the employee’s skills. • Planning the solution is next. In practice, you’ll lay out a change plan in the form of steps to take, measures of success, and completion dates. • With agreement on a plan, you can start the actual coaching. In this situation, you are, in essence, the teacher. • Finally, bad habits sometimes reemerge. It’s therefore necessary to follow-up and re-observe the person’s progress periodically. Chapter 10-20 Improving Mentoring Skills • It often touches on the person’s psychology (motives, needs, aptitudes, and how one gets along with others, for instance). Because the supervisor is usually not a psychologist or trained career advisor, he or she must be extra cautious in the mentoring advice he or she gives. • Effective mentors set high standards and are willing to invest the time and effort the mentoring relationship requires. Effective mentoring requires trust. The level of trust reflects the mentor’s professional competence, consistency, ability to communicate, and readiness to share control. • You must choose an appropriate potential mentor. But, don’t be surprised if you’re turned down. Make it easier for a potential mentor to agree to your request. Do so by making it clear ahead of time what you expect in terms of time and advice. Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-21 Making Promotion Decisions 1. Is seniority or competence the rule? 2. How should we measure competence? 3. Is the process formal or informal? 4. Vertical, horizontal, or other? Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-22 Making Promotion Decisions There are several practice steps that should be taken by employers and managers: o Establish eligibility requirements. o Review the job description. o Review candidates’ performance and history. Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Chapter 10-23