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Casual Articles - Organizational CPR Increases Cash Generation, Productivity and Retention
Winning your new job takes more than just arriving on time – after all, that's obviously expected. But, what else are employers expecting from you when you arrive for your interview? Here are four tips you'll want to keep in mind for interview success:Tip 1: Employers will assume that you have done a good amount of research on their company. When they ask you what you know about them, you'll get off to
The online community is definitely a large market place that you cannot ignore, especially if you have an internet business. There are thousands if not millions of consumers that you can tap in the internet.At the same time, the internet also poses a quite different challenge. The easy access that internet provides also gives you as much competition as you can imagine. It is too crowded and congested.<
Cash generation, Productivity and Retention™ are as vital to the health of organizations as breathing and heartbeat is to the human body. Maximizing the function of each of these components will result in robust organizational health.
In subsequent issues of this newsletter, we will explore ways to maximize the performance of each of these components in your organization. First, let’s look at how each of these components need to work together to produce maximum health of your organization.
Cash generation
Increased cash generation results when the organization identifies, gets in front of and closes the sale with their perfect customer. In major corporations, marketing and sales departments are hired and staffed with individuals who are experts in maximizing these functions. In smaller companies, many times what is said is that “we are too small to have marketing and sales functions!” This statement is far from the truth. The secret is that every organization needs to maximize their marketing and sales efforts if cash is going to be generated. The truth of the matter is that no matter how good your product or service, if the perfect client does not know about it and/or it is difficult to obtain, sales will not be realized and cash generation will suffer.
Productivity
Whether an organization is staffed by thousands or by 10 people, productivity needs to be maximized for the organization to exceed its goals. People need to be engaged in the attainment of the strategic objectives, they need to know what is expected of them and they need to be given regular feedback on their performance. Maximum productivity is a function of both process and leadership skills intersecting and resulting in maximum performance.
Retention
Let’s take a scenario to illustrate the importance of retention. One of your star performers becomes disillusioned and dissatisfied and leaves to go to a competitor. The cost to fill this position is approximately 2 x salary. A simple calculation will show you what turnover cost you this year. This is not to mention that another company now has the benefit of all of the training that you have already paid for. In addition, your competition now has a lot of information that can be used against you in the marketplace. The salary multiple does not discriminate between a hire leaving that is a superstar or a hire that is leaving because they were terminated due to poor performance. The cost is still the same. The leaving of the superstar could have been avoided by better performance management systems and skills. The termination of a bad hire could have been avoided by validate
IntroductionUsually people consider textile fabrics as the common categorization such as woven, knitted, braided or tufted constructions. They commonly abandon nonwoven fabrics form the textile group. In the conventional fabric, the fibre is first made into yarns; on the other hand, nonwovens are manufactured sheets or webs directionally or randomly orientated fibres, bonded through resistance, solidity or
Cash generation
Increased cash generation results when the organization identifies, gets in front of and closes the sale with their perfect customer. In major corporations, marketing and sales departments are hired and staffed with individuals who are experts in maximizing these functions. In smaller companies, many times what is said is that “we are too small to have marketing and sales functions!” This statement is far from the truth. The secret is that every organization needs to maximize their marketing and sales efforts if cash is going to be generated. The truth of the matter is that no matter how good your product or service, if the perfect client does not know about it and/or it is difficult to obtain, sales will not be realized and cash generation will suffer.
Productivity
Whether an organization is staffed by thousands or by 10 people, productivity needs to be maximized for the organization to exceed its goals. People need to be engaged in the attainment of the strategic objectives, they need to know what is expected of them and they need to be given regular feedback on their performance. Maximum productivity is a function of both process and leadership skills intersecting and resulting in maximum performance.
Retention
Let’s take a scenario to illustrate the importance of retention. One of your star performers becomes disillusioned and dissatisfied and leaves to go to a competitor. The cost to fill this position is approximately 2 x salary. A simple calculation will show you what turnover cost you this year. This is not to mention that another company now has the benefit of all of the training that you have already paid for. In addition, your competition now has a lot of information that can be used against you in the marketplace. The salary multiple does not discriminate between a hire leaving that is a superstar or a hire that is leaving because they were terminated due to poor performance. The cost is still the same. The leaving of the superstar could have been avoided by better performance management systems and skills. The termination of a bad hire could have been avoided by validat
First, I must admit...I am a bit biased about this topic - I love what I do on a daily basis! I love to help organizational teams get to know each other better and improve their effectiveness in working together through team building sessions. I also love to lead workshops and seminars, where I help people learn to set goals that are connected to their deepest values. I love to coach executives in organization
Productivity
Whether an organization is staffed by thousands or by 10 people, productivity needs to be maximized for the organization to exceed its goals. People need to be engaged in the attainment of the strategic objectives, they need to know what is expected of them and they need to be given regular feedback on their performance. Maximum productivity is a function of both process and leadership skills intersecting and resulting in maximum performance.
Retention
Let’s take a scenario to illustrate the importance of retention. One of your star performers becomes disillusioned and dissatisfied and leaves to go to a competitor. The cost to fill this position is approximately 2 x salary. A simple calculation will show you what turnover cost you this year. This is not to mention that another company now has the benefit of all of the training that you have already paid for. In addition, your competition now has a lot of information that can be used against you in the marketplace. The salary multiple does not discriminate between a hire leaving that is a superstar or a hire that is leaving because they were terminated due to poor performance. The cost is still the same. The leaving of the superstar could have been avoided by better performance management systems and skills. The termination of a bad hire could have been avoided by validat
Those are aspiring to be an actor or actresses undertake a great and noble goal. Each year thousands of people move to Hollywood to chase their dream of becoming the next big star. Most don’t make it, but why? There isn’t a real reason as we see some of the new “talent” out of Hollywood is not true talent, while those who don’t stand bewildered as why they were not chosen. Take a look below on how you can improve
Retention
Let’s take a scenario to illustrate the importance of retention. One of your star performers becomes disillusioned and dissatisfied and leaves to go to a competitor. The cost to fill this position is approximately 2 x salary. A simple calculation will show you what turnover cost you this year. This is not to mention that another company now has the benefit of all of the training that you have already paid for. In addition, your competition now has a lot of information that can be used against you in the marketplace. The salary multiple does not discriminate between a hire leaving that is a superstar or a hire that is leaving because they were terminated due to poor performance. The cost is still the same. The leaving of the superstar could have been avoided by better performance management systems and skills. The termination of a bad hire could have been avoided by validat
It is scary to think about just how vulnerable each of us is in regards to identity theft. You may find yourself thinking about it once your wallet or purse has been lost or stolen. Anyone who has it can access your credit cards, PIN numbers, and social security numbers if they are in there. Other methods of getting such information include over the internet, the phone, watching people when they use an ATM, and g
The key to the continued health of your organization lies in:
• Increasing cash generation.
• Increasing the productivity of your staff.
• Increasing the retention of your superstars.
Next Month: How to Increase Cash Generation!
Organizational CPR increases Cash generation, Productvity and Retention™!
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