What’s the best way to train your employees?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
Four reasons why you should train your team | A Founder’s Notebook

There are four reasons you should train your people: 1. Productivity. Andy Grove demonstrates that training is one of the highest leverage activities a manager can perform. Consider putting on four lectures for 10 people, which take a total of 12 hours work. Next year those 10 people will work a total of 20,000 hours. If your training results in a 1% improvement, you will gain the equivalent of 200 hours of work. 2. Performance management. If you… (read more)

What’s the best way to train your employees?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
How to implement a functional training program | A Founder’s Notebook

The training courses should be tailored to the specific job. If you attempt the more complex-style course, be sure to enlist the best experts on your team as well as the manager. As a happy side effect, this type of effort will do more to build a powerful, positive company culture than a hundred culture-building strategic off-site meetings. No startup has time to do optional things. Therefore, training must be mandatory.

What’s the best way to retain employees?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Parental Leave – AVC

Each company needs to decide when and how they can consider such a parental leave policy. But for those that have the scale to consider this approach, I am strongly in favor of it and share Chad’s belief that what is good for employees and their families is good for business.

What’s the best way to retain employees?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Path Forward – AVC

Our portfolio company Return Path built a “returnship” program a few years ago to help stay at home moms and other men and women who have left the work force to take care of children, sick parents, etc figure out how to get back into the workforce.

What’s the best way to retain employees?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
Why Startups Should Train Their People – Ben’s Blog

After putting economics, aside, I found that there were two primary reasons why people quit: 1) They hated their manager – generally the employees were appalled by the lack of guidance, career development and feedback they were receiving. 2) They weren’t learning anything – the company wasn’t investing in the employees.

What’s the best way to retain employees?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
MBA Mondays: Retaining Your Employees – AVC

There isn’t one secret method to retain employees but there are a few things that make a big difference. 1) Communication – the single greatest contributor to low morale is lack of communication. 2) Getting the hiring process right – a lot of churn results from bad hiring. 3) Culture and Fit – Employees leave because they don’t feel like they fit in. 4) Promote from within. Create a career path for your most talented people. The best people are… (read more)

What’s the best way to retain employees?

Jeff Bezos (Founder & CEO of Amazon)
EX-99.1

Pay to Quit is pretty simple. Once a year, we offer to pay our associates to quit. The first year the offer is made, it’s for $2,000. Then it goes up one thousand dollars a year until it reaches $5,000. The headline on the offer is “Please Don’t Take This Offer. ” We hope they don’t take the offer; we want them to stay. The goal is to encourage folks to take a moment and think about what they really want. In the long-run, an employee staying some… (read more)