Networking is essential for business growth and personal success. Yet the saying “it’s not what you know, it’s who you know” seems to have significantly more weight in our ‘always-on’ 21st Century, where jobs are filled before they are advertised and previously unthought-of collaborations appear out of nowhere to create new and competitive markets and steal market share.
Company mergers are an increasingly common scenario as organisations attempt to create value by either acquiring new products and services, creating economies of scale or establishing a larger brand presence. Regardless of the impetus for merging two organisations, to really achieve the potential value of a merger it’s essential that both organisations are effectively integrated from the beginning, as this is where the seeds of long-terms success are planted.
You might have a leadership team of absolute superstars who have taken your organisation from strength to strength. That’s great news, but what happens when one of your leaders decides to move on or worse, what if several of them leave in a relatively brief period of time? You can go out to the marketplace and see what kind of leadership talent you can attract to your organisation however, is this the really the best scenario for your organisation’s culture in the long-term?
Corporate training is seen as a key staff retention tool by more than 95% of hiring managers. Staff retention is important for more than just continuity, as it’s been estimated that every new hire costs your organisation an average of $30,000. Besides making really good financial sense, there are plenty of other excellent reasons you should be looking at an investment in corporate training.
How do you maximise the return on investment when it comes to corporate training? Every organisation varies however, there are a few different strategies you can employ to help you get optimal results from your Learning and Development budget.
Deciding on a postgraduate business qualification is not an easy task. How do you know the program you choose will provide you with the career benefits you’re seeking? After all, any worthwhile postgraduate program will be a significant investment of time, money and brainpower, so it’s vital that you can be sure you’ll get a return from that investment. You need to be certain that the skills and knowledge you’ll master will be in high demand for many years to come.
As a manager, your people are by far your most valuable resource so retaining them should always be among your top priorities. Besides just generally being a waste of your valuable time, research indicates it costs around $30,000 to replace one employee. So how do you retain the best people on your team or is their decision to leave something beyond your control? Here are five techniques that great managers use to keep their best people on board.