Guide to Finance

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Why People Leave Church

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Over the last twenty years the Gallup Organization has conducted an extensive study of workplaces in an attempt to determine how companies can find and retain key talent. They interviewed over a million employees, asking each employee hundreds of questions, probing every conceivable aspect of their working life. The results are presented in Marcus Buckingham and Curt Coffmans's book, First, Break All The Rules.



The most powerful discovery that they made was that people leave managers, not companies. People may join an organization because of the reputation of the organization, benefits, working environment, and so on. But how long they stay and how productive they are depends mostly on the relationship with their immediate supervisor.

Before we jump to the conclusion that all employee productivity and retention problems can be solved by “fixing” the first level supervisors, there is one other piece of research that needs to be considered. In analyzing the behaviors and attitudes of customer service personnel, studies have found that these employees tend to treat customers the same way that they are treated. The same is true of first level supervisors. They will tend to treat the people who work for them the same way that they are treated.

Many times in working with first level supervisors, one of the biggest obstacles to changing their behavior is getting their immediate supervisor to support the behavior change. For instance, the supervisor may want t delegate and show more trust in people, yet the boss expects the supervisor to be involved in all the details and look over the employee's shoulders. Or the supervisor is expected to be better at balancing praise and criticism, yet feels that all he or she hears is criticism.

As an senior leader, if you are getting feedback concerning treatment of employees by their supervisor, you need to look first at your own behavior towards those who report to you. When you take an honest look, are you seeing your own behaviors coming out in lower level managers? Another place to look is how your senior managers treat each other. Do you overlook unacceptable management behavior towards others? Do the results justify the means?

Often people are selected for first level supervisory positions primarily because of their technical skills and abilities. They have been excellent workers and promotion to supervisor is a way of rewarding them. This should not be the primary consideration. Obviously, supervisors must have some level of technical competence and a reasonably good work record, but this should not supercede the ability to build relationships with people. Most people who become supervisors do not come into the job with the necessary human relations skills.

When companies have turnover problems, often the Human Resources Department is given the responsibility to fix the problem. They may even be given a specific numerical objective to achieve. This usually has minimal impact. Companies who have been successful in reducing turnover and improving retention hold the line management accountable for results. It becomes a key element of performance management .
Why People Leave Church
I have worked with very wealthy people and very poor people and one of the dividing lines that makes the difference is that wealthy people take the time to save a dime. The most precious resource that we have is time. And everyday we make decisions about how we want to spend our time and our money. We also have to live with the consequences of those decisions. Here are six common mistakes where people leave money on the table when they don't take the time.

1. When we don't take the time to find all of our receipts for our tax preparer, we leave money on the table. Keeping your finances organized is not a chore, it's a money making activity. (No deductions equals no tax savings.)

2. When we don't take the time to shop for the proper mortgage, we leave money on the table. Many people didn't shop for the best mortgage and ended up with adjustable rate mortgages that they knew nothing about and are in foreclosure now. Take the time to shop; it pays off. (Saving a quarter percent could possibly save you $6,000 on a $400,000 loan)

3. When we don't understand our 401K and fail to make tax deferred contributions, we leave money on the table. For every dollar we contribute to our 401k, we get money back in tax savings. You get to increase your retirement plan and increase your cash flow at the same time. (Less earnings get taxed so we get more back).

4. When we don't take the time to read that insurance policy we own and disaster strikes, we leave money on the table. Katrina victims who had good coverage were able to build at replacement value. If you didn't have replacement value, then you only received what it cost you to buy. (No coverage means more out of pocket costs.)

5. When we don't take that bonus or refund check and add it to our retirement plan, we leave money on the table. (Not enough retirement funds equals a future lower standard of living.)

6. When we get the wrong kind of credit card because we don't take the time to read the fine print, we leave money on the table. Get the card with the best rates, the best cash rebates, and the best rewards. It pays to compare cards. (Higher interest means more cash out of your pocket.)

Stop making excuses for not having the time, and take advantage of using your time to increase your wealth. You must have a wealth building mindset to understand the importance of taking time to accumulate money. Most wealth starts with a penny here and a dollar there which grows into millions. Time is on your side if you are younger, then you can save small amounts to amass a fortune over a longer period of time. If you are older than you need to add larger amounts to build your nest egg over time. It doesn't matter when you start; it just matters that you get started. Wealth accumulation starts with simple steps.

Take the time- it's worth it!
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About Author
Both Ryan Scholz & Fern Larocca are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Ryan Scholz has sinced written about articles on various topics from Leadership, Team Building and Leadership. . Ryan Scholz's top article generates over 6600 views. to your Favourites.

Fern Larocca has sinced written about articles on various topics from Finances, Adsense and Finances. 2008© Fern Alix-LaRocca CFP® All Rights Reserved Interested in more tips by Fern Alix LaRocca, a fee-only Certified Financial PlannerTM. Fern Larocca's top article generates over 40500 views. to your Favourites.
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