The 4 C’s of Employee Retention
Ever heard “it’s cheaper to keep a current customer than to acquire a new one”? Well, the same is true for employees. According to the Society for Human Resources Management, “direct replacement costs can reach as high as 50% to 60% of an employee’s annual salary, with total costs associated with turnover ranging from 90% to 200% of annual salary.” Search, selection, lost productivity and onboarding all add up to hurt the bottom line. The social impact sector is no different. The best talent strategy…
Tricks of the Trade for Social Sector Job Seekers
This WorkMonger blog post was written by guest blogger Suzanne Smith, the Founder and Managing Director of Social Impact Architects. In addition to being the time of year when the leaves start to turn and pumpkin spice is back in season, fall is also known to many in MBA circles as prime job-seeking time. Whether you are actively looking for a new job or think it may be time to leave your current job, we know the job search and transition can be scary. Here…
How To Get An Offer: The Two Must-Do’s In Your Next Interview
A few months ago, I wrote a blog post entitled 12 Steps to a Great Interview. I know, I know, 12 is a lot of steps, so I wanted to dig deeper into what I think are the two most important points. Here’s your CliffsNotes version to a Great Interview! 1) Make a Connection to the Interviewer and the Organization The most important thing you do in an interview is make a connection with the interviewer and the organization. The best interviews are those where…
6 Simple Steps for Negotiating Your Next Job Offer
Last week, a good friend of mine received an offer from a national non-profit organization. She was interested in negotiating, but they said they wouldn’t. She asked me if I had ever encountered this situation and, if so, how did I handle it? Before I told her my story, I shared an overview of my approach to job offer negotiation: 1) Know you have power in the negotiation – not just them It’s easy to think that employers have all the power in a negotiation. …
Declare Your Independence from the Job You Hate!
If you are looking forward to this 3-day weekend a little too much, you might need a new job! I know how debilitating it can feel to be stuck in the wrong job. It may not be a “bad job” or a “dead-end job,” it may actually be a job a lot of other people would envy. (How many times have you told yourself: “I’m really lucky to have this job”?) But you know it’s not the right job for you. Or maybe you have…
5 Things Every Social Impact Employer Needs to Know
Hiring. Let’s be honest. Most employers hate doing it. It removes us from our main day-to-day work. It’s hard. And it takes forever. I understand. I’ve been there. But hiring is actually the most important thing that any manager does. To paraphrase Jim Collins in his modern-day business classic Good to Great, what separates great organizations from good organizations is the ability to get the right people on their teams and in the right roles. With hiring such a critical component of our work, and…
Three Things I Didn’t Learn in Business School
As I launch WorkMonger this week, I’ve been reflecting on my career in the social sector and the lessons I’ve learned along the way. While I have frequently utilized classic B-school skills like finance, operations, and team leadership that I learned while earning my MBA at Duke, I have also come to realize that you don’t learn everything you need to know in business school. Today, I thought it would be fun to look at three things I didn’t learn in business school. 1) We're…
Welcome to the WorkMonger Blog
Welcome to the WorkMonger Blog! At WorkMonger, our goal is to streamline the hiring process for great organizations and talented people to find each other, all while serving causes that make a positive impact on the world. This blog will be an avenue for us to dig deeper into that process. You can expect to find everything from commentary and analysis to tips and best practices included in this blog. We’ll explore a variety of topics, such as navigating the transition from the private sector…