This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Learning From Departing Workers: Firing Line

Many businesses devote a lot of time and energy into hiring the right people but spend little or no time understanding why those good employees eventually leave.

This is unfortunate, because such analysis can propel an organization to higher levels of performance and help it to better retain valuable employees in the future.

The reasons good people leave an organization are often similar, and, in my experience on the front lines and in the front office, their departures can often be prevented.

Many employees look forward to discussing why they're leaving because it's their last chance to let people know how the organization could possibly set things right.

In the military I always conducted exit interviews with departing subordinates in order to understand what they thought could improve our organization. I also wanted anyone who left to do so on a high note because I wanted former organization members to keep a positive attitude toward me and my organization. After all, I might need to work with them in the future.

This was the time to wish them "fair winds and following seas" and let them know their efforts were appreciated.

Unfortunately many businesses do the exact opposite. When an employee expresses a wish to move on, many organizations brand that executive as a deserter and seemingly forget all the hard work, effort and honorable service he or she has devoted to the organization.

When a firm reacts this way it causes other employees who are considering leaving to feel guilty, negatively affecting morale. This results in an organization of "clock punchers" who are there to simply collect a paycheck. I call these "lighthouse" companies. Employees hang out and hide, doing the minimum to get by. When the beam of light starts to sweep toward them they pick up their level of effort for a bit and then relax when the light sweeps away from them.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs