EMPLOYEE RETENTION BECOMING A GLOBAL PROBLEM

Atlanta, GA (June 4, 2007) Imagine--you have been working late to finish
an important project when your project manager walks into your office and
tells you she has been offered a better job.  As she turns to depart she
says, "There are others thinking about leaving too."

What went wrong? How are you going to finish this assignment? Who will be
next to leave? The dread is starting to sink in. Surveys show one out of
every three people plan on quitting their jobs this year. Smith states,
"Most employee turnover issues can be prevented." He adds, "Many
organizations are not doing what they need to do to retain their best and
brightest."

International business consultant and author Gregory P. Smith is making
waves as one of the nation's top employee retention experts.  His new
book, 401 Proven Ways to Retain Your Best Employees, provides practical
solutions to promote high employee retention in the workplace.

Executives say employee retention is one of the top issues keeping them
up at night. There is a growing shortage of skilled workers. On one end
of the workforce, the Baby Boomer generation is retiring leaving fewer
skilled people to choose from. On the other end, a smaller group of
younger workers is entering the workforce who is more concerned about
their free time than the needs of the employers.  The average tenure of a
20-something is only 16 months creating a swinging door and a cycle of
misery for employers.

Few businesses realize how much employee turnover costs their
organization. It takes $7,000 - $17,000 to replace a typical employee; to
replace a key manager costs the same as buying a Lexus. To replace a
critical care nurse can run up to $185,000. And when a top talented
individual in a key role departs, it can run into the millions. Unless
businesses take steps to retain their employees, we could face losing our
competitive edge with other countries.
401 Proven Ways to Retain Your Best Employees provides a wealth of
information, tips, advice, and case studies that allow for quick
reference and practical application. Smith has spent 10 years
interviewing and researching best practices that lead to high retention.
Smith says, "It is a great tool for managers who don't have time to read
dozens of books on theory. It is all here in one small book."

Greg Smith is the CEO and founder of Chart Your Course International, a
performance management consulting firm located in Atlanta, GA.  Smith has
provided advice to many of the "Top 100 Best Places to Work" and served
as an advisor to the U.S. Army Surgeon General.  His message is
international as he has traveled to and worked with businesses in 22
countries.  He is a former Examiner for the Malcolm Baldrige National
Quality Award, which is awarded each year by the President of the United
States. He also was selected by the Human Resource Executive Magazine as
one of the nation's "Top-Ten Rising Stars" in Human Resource Management.
He has authored eight books including Here Today, Here Tomorrow:
Transforming Your Workforce from High-Turnover to High-Retention.  When
Greg is not working, he loves to sail and raise orchids.

Gregory P. Smith
President & CEO
Chart Your Course International
Voice: 770-860-9464
Fax: 770-760-0581
http://www.ChartCourse.com
http://www.HighRetention.com
http://www.BehaviorProfile.com

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