Employee Training Idea

Have you ever hired someone, invested thousands of dollars in training the person, and then they quit?

That can be quite expensive, yet it is fairly common in the tech field.  I recently heard of a company within innovative approach to overcoming this problem.

1. They determined the number of months an employee should work for them for their company to receive a decent return on the training investment.
2. They arranged with a local bank to give their employees loans for training expenses.  (NOTE:  The company did not guarantee the loans.)
3. The firm paid the monthly loan payments as long as the employee remained with the company.  If the employee left the company before the loan period was completed then the additional payments were their own responsibility.

I am not recommending this approach, but it is interesting and might be worth a pilot in some companies.

It is Friday.  ACCOUNTABILITY TIME (that you asked for)!

1. How are you doing on your 3Strands this week?
2. Have you defined your 2014 goals? 
3. If you have defined your 2014 goals, have you looked at them this week?

Stay on track.

Be a 3STRANDS LEADER

Systematic Leadership, inspiring others in Meaningful Work, and consistently expressing Sincere Gratitude to the people around you.