In marketing, we have a key performance indicator (KPI) known as lifetime value or LTV. If you apply the concept of LTV to employee metrics, you’re able to look at employee retention beyond the specific impacts on human resources.
Most organizations only revisit a job description because someone “new” is taking over the role. We need to make sure that we’re hiring the correct person to fill in all the holes that an outgoing employee is leaving. Today’s rock-solid employee could disappear tomorrow. Be prepared for the unforeseen!
We’re not only approaching a new year, but a brand-new decade. Depending on your circumstances, 2020 is absolutely the right time to look for a new job. Although you might be content with where you are right now, there are most likely greater opportunities elsewhere.
What keeps you happy at work? Your answer might be obvious, your paycheck. Right? Although this is one of the biggest motivators for many employees, other factors can be just as or more critical to maintaining employee happiness.