Hey, this is Mike. This week Mark is finishing up his well-earned vacation, so we're going to bring you one of our Hall of Fame cast this week, our cast from 2006 on employee retention. In this cast, we answer questions we get all the time. How do I keep my people on my team? How do I prevent turnover? And my favorite, do I have to pay more to get my people to stay. Enjoy.

Welcome to Manager Tools Podcast for Monday, April 24, 2006. Hi. Hi this is Michael Ozan and for returning listeners welcome back.

For new listeners welcome to Manage Tools where each week my partner Mark Horsman and I

talk about specific things you can do to improve your managerial

effectiveness.

Today's cast is the first in a series of recurring cast about employee retention.

The best managers we know do a great job of retention.

As a matter of fact, retention is one of Mark's favorite delineators of management talent

because it goes to the future potential of the organization.

Strategy gets done much more effectively in places where retention is good. In this cast we're going to talk

about the bare bones basics. This is stuff that any manager can do. Really, that any manager

wanting to think of themselves as a professional must do. If you're not taking these simple steps you need to start

so you can build a base to some of the more powerful techniques we'll share in the

future cast. So with that let's get right to it. I've noticed a lot of it seems like people are talking more and more about

retention these days on the web. I've been looking at a few blogs etc it's it's a pretty reoccurring topic

these days. I think I think as managers a lot of managers Mike are starting to get smart that a lot of other problems are caused

by the lack of retention or put differently, of course, retention solves a lot of your other problems.

You know if you have the right people on your team and you can keep them, all kinds of things

are made a great deal easier.

If you're thin and there are new opportunities, they're just, you know, that you can't go after.

Yes, and I think there's a lot of social issues as well that address that also.

So, and most managers what while the people on the web are probably

...