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Reasons Why Managers Fail by laiza(m): 8:20am On Jun 07, 2019 |
Reasons Why Managers Fail; Inaptitude in retaining top talent. Many bosses have this attitude that anyone is replaceable like gloves, that they can hire someone even better. They are fooling themselves and doing disservice to their company. When you lose an employee, you have to: 1. Pay recruiters fee to replace 2. Wait for the new employee to arrive 3. Pay them what you were supposed to pay the one that left, faily the market price 4. Train the new employee, and 5. The employee who left knows things nobody else does. A good employee has knowledge of systems, products and processes. They have trust, relationship with co-workers that takes years to build. When you lose a good employee you lose part of your culture, you lose part of your company and you may lose your future. |
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