HR Management Blog

The Kotter Eight-Stage Model is a change management process that was developed by Harvard Business School professor John Kotter. The model consists of eight steps that are designed to help organizations effectively manage change.

A growth mindset is a belief that intelligence and abilities can be developed through hard work, good strategies, and helpful feedback. This belief has a number of benefits. People with a growth mindset are more likely to take on challenging tasks, persist in the face of setbacks, and view failures as opportunities to learn.

The cost of employee turnover can be significant for businesses. The average cost to replace an employee is about 20% of their annual salary. For a business with 100 employees, that’s $2 million per year!

Employee Retention is a critically important role for Human Resources today. The market is struggling for talent and a company cannot afford to lose its high performing employees. However, it must nurture them and provide them with the right conditions to minimize the risk of them leaving. It must clearly demonstrate how it values its key people. And it must ask them six important questions from time to time to keep the risk of leaving under control. Or at least get some clear early warning.

Success is often about a positive attitude and mindset. We limit ourselves in our growth because we think we are not up to such challenging goals. We artificially lower our chances because we don’t think positively and lack a growth mindset. But we can boost our growth mindset ourselves if we think about problems and challenges a little differently. Instead of thinking negatively, we find something positive about every situation to encourage our competitiveness.