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HR Zone » Recruitment and Staffing » Retain Staff?? Think beyond money...

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Retain Staff?? Think beyond money...
Priya
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Posted 27-04-2009Reply

How satisfied are your talented people with their everyday tasks? Do you know enough about your employees' values to answer that question? Values are not difficult to uncover, but they are powerful forces in an employee's decision to stay or leave.



Imagine your employees as your customers. Now, what do they value most? How can you help them attain it?



The risk of losing employees because of conflicts over values is far greater than the risk of losing them because of compensation. Values define what we consider to be important. They are the standards by which we measure our bottom-line needs. The more your employees' work incorporates their values, the more they will find that work meaningful, purposeful, and important.





When values are left out of the work equation, the work may still get done, but without the energy and commitment. Eventually, either you or your employees will notice. Today's employees across all generations want to find value and meaning in their work. Our lives aren't as compartmentalized as they once were, and more employees are demanding a better blending of work and home life.



Organizations have vision statements, mission statements, and values statements, but they rarely have a process that helps employees determine the link between those statements and their own values.



Any of the following can help you start a conversation about values:



*What do you need most from your work? Does the job deliver?

*What makes for a really good day?

*What would you miss if you left this job?

*What did you like best about other jobs you've had?

*Tell me about a time when you really felt energized at work.

These questions can be asked during any one on one conversation that you have with your direct reports. Many managers add these to performance management or development planning sessions.



Another reason (if you need it!) to learn more about values is to insure smoother functioning of your team.





Organizations are more team-based than ever. Yet the failure to understand one another's values leads to discord on teams. The team that cannot draw on its members' values may end up arguing, wasting time, and failing. Team members lose heart when organizational values and their values do not mesh. Be aware of the individual values on your team and be willing to discuss them. You will strengthen the group and increase its members' job satisfaction.



Diversity of values will build strength in your team. Those who value creativity will be your innovators. Those who value independence will work productively for long stretches without prodding from you. Those who value order and routine will be your dependable, solid citizens. Don't try to make the solid citizen into a creative innovator. Recognize what each person values and mine those values for the sake of the whole team. Here are some questions that might stimulate a team discussion about values:



*What are the values of our work team? How are we similar? How are we different?



*How might our differences get in the way?



*Under what circumstances or pressures do we find our values colliding?



*What can we learn from someone whose values are different from our own?



Finally, be aware of your own values -- and their impact on your employees. We have looked at hundreds of transcripts from exit interviews. We were amazed at how many talented employees left because their values conflicted with those of their immediate supervisor or manager.

Diana
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  Rated 0 | Posted 28-04-2009

Good article !

I totally agree with the points mentioned here...

Our job, profile, work place, colleagues...they are much valuable than the "income" ....They have a greater part in our life, in our behaviour, the things we learn, share & try to practice...

Hope to reach a day, that people work because they are "satisfied" & "want" to work!!! not because they "have" to...


The highlight of this article is the last paragraph, so very true!!! Which we, as HRs need to have a very close look on this issue...



Diana

Brad
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  Rated +1 | Posted 28-04-2009

Priya,

Great article. Values are a keep part of keeping people. Something that most emplyers forget about in this task driven environment we all live in each day.

Brad Federman
http://theengagementfactor.wordpress.com/
www.performancepointllc.com

Priya
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  Rated 0 | Posted 28-04-2009

Good article !



I totally agree with the points mentioned here...



Our j... See Diana's complete reply


thanks for the reply diana... :)

Priya
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  Rated 0 | Posted 28-04-2009

Priya,



Great article. Values are a keep part of keeping people. Something that most... See Brad's complete reply


thanks Brad :)

Vicky
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  Rated 0 | Posted 28-04-2009

I totally agree with you and the reply from Diana....,
I am looking and waiting for the day....,
When People work because they are “SATIESFIED” and “WANT TO Work” rather “THEY HAVE TO WORK”.

PRIYA it seems that you have done a strong survey on this Article.
I really appreciate it and thanks for sharing it with us.

I am looking forward for your similar articles.

-VIC

Harsh
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  Rated 0 | Posted 28-04-2009

Thx, for Sharing Priya..

Harsh

Priya
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1129 Posts
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  Rated 0 | Posted 28-04-2009

I totally agree with you and the reply from Diana....,

I am looking and waiting for the day..... See Vicky's complete reply


hey thanks so much Vick... wil surely post more :)

Neil
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  Rated +2 | Posted 29-04-2009

Priya

This is a great article to kick off a discussion with but I don't think you have fully grasped what retention is. I am currently supporting a colleague who is undertaking a research Phd. in retention, in our discussions we have come to realise it is a much more complex thing than you list here.

You are correct in asserting that in retention values and aspirations (V&A) are important factors - although you don't mention aspirations you frequently allude to them. For example "Imagine your employees as your customers. Now, what do they value most? How can you help them attain it?" Attainment is realise aspiration.

You are also correct in saying that conflicts between the V&A of the managers, colleagues and/or company and those of the employee can generate friction which can motivate the employee to move but it is more complex. There can be other factors out-side of the organisation which can play important roles in the retention/loss of the employee - Religion, Family, Culture, Contribution, Location, Reward, Recognition, Challenge and Environment have all been found to play a part - focussing just on values (and aspirations) is too narrow to achieve the end you seek.

To give you a more personal example, my wife - a professional engineer, recently changed jobs because she was sick of the 1.5hr commute she had to do each way. No other reason and nothing to do with values.

I would also add that most of the questions you list should be standard interview material, once you have recruited them to the company it may be too late to explore this.

Your observation that teams function better with shared values is undeniably correct but your assertions on diversity of values within a team are, in my experience, wrong. They can cause failure more often than success, I once saw a effective and successful team break up because they recruited an ardent vegetarian who went on to try and proselytise their beliefs and lifestyle to the rest of the Omnivorous group. As for managing the values within a team, I am afraid I have found it far more complex than your questions here seem to suggest it is and could well be the subject of an article on their own.

I would like to close by congratulating you again on tackling such a complex subject with such confidence and trust you take these comments in the manner in which they are given.

Priya
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  Rated 0 | Posted 04-05-2009

thanks so much for thr information Neil :)

Sarath
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  Rated 0 | Posted 04-05-2009

Good and Timely Info..Great work..



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