More and more companies in the UK (http://news.sky.com/story/1048375/tech-firms-offering-unlimited-paid-holidays) are abandoning set holidays and adopted the principle of unlimited vacation time. So should you follow suit? Netflix moved to unlimited vacation time in 2004 and more than a decade later the policy remains(http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/7945719/Netflix-lets-its-staff-take-as-much-holiday-as-they-want-whenever-they-want-and-it-works.html). The theory was simple: employees put in so much time on their evenings […]
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How to improve your staff retention
Staff retention is universally recognised as an essential part of building a successful company. Every time a new staff member has to be found, it can cost the company as much as 20% of that employee’s annual salary in recruitment costs. Also, from the point of view of building on your company’s successes, keeping hold […]
For better employee performance evaluations, ditch the annual review
Employees despise them, and increasingly more and more managers of companies of all sizes are agreeing – the loathed annual performance review has had its day (see https://www.tamu.edu/faculty/payne/PA/Scullen%20et%20al.%202000.pdf), delivers unreliable results that don’t give any sort of clear picture and overall creates way too much trouble. It’s certainly true that a crucial element of the […]