HRM 1101 Lecture Notes - Lecture 2: James Goodnight, Telecommuting, Harvard Business Review
21 Jul 2018
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Ma(cid:374)(cid:455) (cid:272)o(cid:373)pa(cid:374)ies tr(cid:455) to (cid:271)e (cid:862)(cid:271)est (cid:449)orkpla(cid:272)es(cid:863)- places where people want to work. Great culture- the perso(cid:374)alit(cid:455) of the (cid:272)o(cid:373)pa(cid:374)(cid:455) (cid:894)ho(cid:449) a (cid:272)o(cid:373)pa(cid:374)(cid:455) (cid:862)does(cid:863) (cid:271)usi(cid:374)ess(cid:895) Lots of human connections/networks (get to know people, make friends) Low turnover- people are staying at the company. Ceo: jim goodnight, 34 years as ceo. O(cid:374)e of fortu(cid:374)e"s (cid:862)best(cid:863) (cid:272)o(cid:373)pa(cid:374)ies for (cid:1005)3 (cid:455)ears - #15 in 2017. Highly profitable - (cid:449)orld"s largest pri(cid:448)atel(cid:455) o(cid:449)(cid:374)ed soft(cid:449)are (cid:272)o(cid:373)pa(cid:374)(cid:455) High-quality benefits - child care onsite at /month. Medical center with 4 mds (doctors of medicine) and 10 rns (registered. Free 66,000-foot fitness center, lending library, summer camp for children. Turnover - employees who leave for any reason. O(cid:374)e esti(cid:373)ate: (cid:1005)5(cid:1004)% of so(cid:373)eo(cid:374)e"s a(cid:374)(cid:374)ual salar(cid:455) Cost to replace is ,000 per lost employee. If turnover is 10%, it will cost the company . 8 million per year! Turnover at sas has never exceeded 5%. Harvard business review estimates that sas saves million a year in turnover-
