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Monthly Archives: July 2023
My Learning: How to Retain Employees.
Yesterday, I came across an amusing anecdote. An employee, let us call them Employee A, recently announced their intention to leave their current job. Surprisingly, the very next day, they were presented with a new job title and a slight salary increase to retain their services. Does this situation sound familiar to you? Have you ever encountered a similar strategy? Rather than addressing the underlying reasons behind an employee’s desire to leave, it seems that offering incentives to stay has become a customary practice. It is interesting to consider how long it will take for this information to disseminate throughout the organization. It appears that simply threatening to leave can result in a promotion and a raise. Continue reading
Lessons Learned: My negotiation journey for a new car:
With my car lease expiring in mid-July, time was running out. I visited the original dealership, determined to replace my current vehicle with a new lease. However, the new car I wanted came with a $16,000 price increase. Despite a discount based on the equity in my current car, the lease payments would be $325.00 more than what I was already paying. This presented a dilemma. Continue reading
Posted in Business
Tagged Calm, Compromise, Honesty, Innovative, Intuition, Negotiation
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