In response to the COVID-19 pandemic creating medical and economic hardships across the nation, President Trump signed the “Families First Coronavirus Response Act” into effect.
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!