Saturday, April 14, 2012

Hello and Goodbye

Typically you have a job and you have a education, they exist as two separate events.  What if the job helped you plan a future education?  And the company paid for it?  In an interesting article from CNNMoney.com it tells the story of Derek Christian, formerly in sales at Proctor & Gamble, who purchased a small business.  The maid service business was already generating income but ran into a problem as he hoped to expand the business.  His incredible turnover rate was affecting his client relationship, since his customers did not want to have a new unknown maid in their homes every few months.

Christian created a way to keep his employees longer.  He made a deal with them.  If they would sign an agreement for two years, he would help them design a custom career plan and then pay for their training or enrollment in college classes.  A unique idea and with his success he has already opened another location for the business.

This may not sound like an appealing idea to every small business owner but it does show some creative planning.  It is a different way to tackle a problem with employee turnover.