FP Innovators
“Sound Mind Over Money”
Financial Post, Vancouver Sun, October 4, 2011
Recruitment and retention of the best and the brightest is a persistent challenge that perplexes most employers. Maggie Fox, Chief Executive of Social Media Group Inc., gave a thoughtful examination of staff turnover and the reasons behind it, uncovering some astonishing observations. Could it be that there is something more important than money to today’s employees? The implementation of an innovative program offering the incentive of unlimited paid vacation has proven just that. Based on the tenet that if you treating people with appreciation and respect, it will loyally returned, the program has been a startling success. While respect is something we all know we should be both giving and receiving in our daily work environment in today’s world of being continually in overdrive, the power of the word “respect” takes on new meaning. By definition, its meaning is, “The quality or state of being esteemed.” In actuality, it characterization is much broader. Employees may describe their definition of respect by an employer in differently – for some it’s a financial reward, for others a promotion or increased autonomy. For most, being respected simply feels good, which is why a seemingly simple word packs a powerful recruitment and retention punch!
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