Management is important in a company

Management is important in a company

Does the management believe that retaining employees is critical->

If you see a management focusing on the well being of its employees so that they can focus their time
productively, this is a great sign
UPS learned that is was critical to retain its driver because experienced driver learned fastest routes and were more were more efficient in making deliveries UPS discovered that part of the reason for higher turn over rates for drivers was that loading the trucks were so physically demanding. When they discovered the problem, UPS promptly hired part time workers
to load the packages

Are there large differences between the benefits that top managers receive versus employees->
Don’t remind people at the bottom that they are at the bottom

Does the management listen to its employees
Managers can learn more by listening to the conversation of its employees
Many of the best ideas come from employees who are in the field so it is critical for the management
to listen to them or have avenues for employees to channel information to the headquarters.
Example: Post-it note was developed by an employee of the 3M company

What is the Employee Retention rate
Paying your employees well is not only the right thing to do, but it makes good sense for the business. Costco CEO
says that if Costco paid rock bottom wages, it would get what it paid for. It does not pay the right dividends. It does
not keep the employees happy. It keeps them looking for other jobs. Plus managers spend all their time hiring
replacements rather than running the business.

Does the management team know how to hire well->
The number one job of a manager is to pick the right people and then put them in the right positions. It is getting the job done by other people.Talented employees higher talented employees who strengthen the entire organization. Therefore if the management is able to hire well, this is a sign of competence.
You need to determine the caliber and tenure not only of the top managers but also managers in operational roles.
One of the best signs that a business is deteriorating is when most of its top competent managers begin to look for other jobs
or leave the business
If the top managers are hiring other managers with lot of experience with the customer base, then this is a positive sign.
However if there are hiring their former colleagues or other managers who have little experience with the customer base.
, then this should serve as a warning signal.