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A strategic approach to employee retention.
Healthc Financ Manage. 2002 Nov; 56(11):40-4.HF

Abstract

A sound retention strategy should incorporate a business plan, a value proposition, progress measures, and management influences. The business plan will indicate whether a healthcare organization will achieve a return on investment for its effort. A value proposition will showcase an organization's strengths and differentiate it from its competitors. Measuring progress toward meeting retention goals at regular intervals will help keep an organization on track. The best managers require accountability, rewarding employees for their successes and taking corrective action as necessary. Retention rate targets must be at a level that will achieve a competitive advantage in the served market.

Authors+Show Affiliations

Gering J
Conner & Gering Associates, Brentwood, Tennessee, USA. john.gering@cgaa.biz
Conner J
No affiliation info available

MeSH

Hospitals, ProprietaryHumansJob SatisfactionMulti-Institutional SystemsOrganizational CulturePersonnel Administration, HospitalPersonnel LoyaltyPersonnel TurnoverPersonnel, HospitalPlanning TechniquesSalaries and Fringe BenefitsStaff DevelopmentTennesseeWorkforce

Pub Type(s)

Journal Article

Language

eng

PubMed ID

12656028

Citation

Gering, John, and John Conner. "A Strategic Approach to Employee Retention." Healthcare Financial Management : Journal of the Healthcare Financial Management Association, vol. 56, no. 11, 2002, pp. 40-4.
Gering J, Conner J. A strategic approach to employee retention. Healthc Financ Manage. 2002;56(11):40-4.
Gering, J., & Conner, J. (2002). A strategic approach to employee retention. Healthcare Financial Management : Journal of the Healthcare Financial Management Association, 56(11), 40-4.
Gering J, Conner J. A Strategic Approach to Employee Retention. Healthc Financ Manage. 2002;56(11):40-4. PubMed PMID: 12656028.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - A strategic approach to employee retention. AU - Gering,John, AU - Conner,John, PY - 2003/3/27/pubmed PY - 2003/7/3/medline PY - 2003/3/27/entrez SP - 40 EP - 4 JF - Healthcare financial management : journal of the Healthcare Financial Management Association JO - Healthc Financ Manage VL - 56 IS - 11 N2 - A sound retention strategy should incorporate a business plan, a value proposition, progress measures, and management influences. The business plan will indicate whether a healthcare organization will achieve a return on investment for its effort. A value proposition will showcase an organization's strengths and differentiate it from its competitors. Measuring progress toward meeting retention goals at regular intervals will help keep an organization on track. The best managers require accountability, rewarding employees for their successes and taking corrective action as necessary. Retention rate targets must be at a level that will achieve a competitive advantage in the served market. SN - 0735-0732 UR - https://www.unboundmedicine.com/medline/citation/12656028/A_strategic_approach_to_employee_retention_ DB - PRIME DP - Unbound Medicine ER -