Hiring Is a Headache—Better to Focus on Retention
Keeping workers might mean considering more of what they have to say.
Hiring Is a Headache—Better to Focus on RetentionWhen trying to please a customer, tread carefully. The level of service you provide today will impact the level your customer will want tomorrow. If you set expectations too high and can’t deliver the next time, you will create an unhappy customer.
Chicago Booth Professor Dan Adelman and Adam Mersereau of the University of North Carolina developed this model to help optimize decision-making when you have more demand than supply, and have multiple customers to manage. Just as people can use spreadsheet models to decide how much capital to allocate to one investment or another, they can use this model to understand how best to allocate limited resources to relationships. The model does this by encoding behaviors that people understand and perform intuitively.
Keeping workers might mean considering more of what they have to say.
Hiring Is a Headache—Better to Focus on RetentionLearn from this crisis to be better prepared for the next one.
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