A highly sought keynote speaker, trainer and Forbes Contributor, Romanella is founder and principal of 3SIXTY Management Services, LLC. He has over 40 years of leadership at Fortune 100’s and most recently served as Chief Executive Officer and Director for UniTek Global Services, after retiring from a 36-year career with UPS.
All businesses hope to reduce turnover and keep key employees. Turnover is costly, resulting in higher costs, declines in productivity and reduced overall effectiveness. Turnover negatively impacts morale and the ability to create effective teams. Key employees offer skills and expertise that are not easily replaced. The need to replace top talent can result in stagnation and loss of opportunities for growth.
There are many ways to reduce turnover and keep those valued players on board and functioning at high levels of productivity. Top motivational speaker and best-selling author Rocky Romanella believes the most effective way to retain employees and reduce turnover is to make those key players partners. He recently addressed this in an article posted at his company website. It that article he stated in part:
Often partnership is thought of as an equity stake. However, a new way to think of partnership is an incentive-based tiered reward system for employees that benefits their long-term goals and needs. This involves creating incentives built around what matters to employees and determining ways to help them meet those goals in a way that is mutually beneficial to the employee and employer.
Here are five non-traditional incentives to retain high-performing employees and drive down the turnover rate.
1. Tuition Reimbursement
For individuals who are currently in school or would like to continue their education path, this is an excellent choice. For example, you can offer employees a certain amount of money per year to finish a graduate program or build a plan that will allow them to pay off their student debt in an agreed upon time period.
2. Equity Stake
Consider offering an equity stake plan that has a one-time option to convert the payout to cash in a year based on a particular need.
3. Retirement Plan
Instead of a traditional equity stake in the company, offer a higher percentage into an employee’s retirement plan. For example, if the company match is 3%, the partnership plan can offer up to 10% based on target goals and levels of responsibility.
4. Additional Or Unlimited PTO
Well-being and work-life balance are often spoken of in business. PTO is mentioned as an incentive for employees but rarely practiced in action. Therefore, an actual goal-orientated structure where PTO is used as a reward can be a powerful incentive to work hard and hit goals.
These are often only thought of as something pertinent to certain industries. However, a bonus structure for hitting goals is suitable for almost any organization and its employees.
Partners know that cannot do it alone and are deeply committed to supporting a climate for success for all, which starts with providing a safe work environment for their people, customers, and the public.
Finally, partners check their ego at the door each day they walk in and are humble. They look for ways to support each other by working together as a team, being flexible and adapting to changing conditions. By doing so, you strive to be respected leaders among your peers and within the industry.
The full text of the article is available at https://www.3sixtymanagementservices.com/forbes-business-council/.
Rocky offers a number of resources on his website that offer powerful ideas for leaders at any level – business managers, educators or small group leaders:
Rocky is an official member of the Forbes Business and contributor on many different topics: https://www.3sixtymanagementservices.com/forbes-business-council/.
Rocky hosts The Leadership Library Podcast, now in its 7th season. New shows are posted every Tuesday and Thursday morning.
All of us are leaders in some way – parents, educators, athletes, special interest groups large and small, sales teams – the list is endless. Regardless of the role we play, Romanella’s concepts, developed under the heading of Balanced Leadership, can be applied to improve effectiveness, efficiency, and results.
Morning coffee is one of the joys of life for many of us. When you add your Cup of Joe to your visit to the Leadership Library podcast, your morning coffee will add an educational, entertaining dose of leadership octane to your day. Past show topics include:
• Balanced Leadership
• Broad Based Leadership
• Company Values
• Goal Setting
• Leaving a Legacy
• Personal Values
• Performance of a Successful Team
• Strategic Vision
• Operational Excellence
• Strategic Process
• Are You A Job Skill Developer
• Leadership Roles and Responsibilities
• SWOT Analysis
• Training and Development
with many more topics available and more on the upcoming schedule.
The podcast is now available at https://tightenthelugnuts.com or visit https://www.buzzsprout.com/1484407. The podcast is also available at Apple Podcasts. More on leadership, building a legacy and many other topics are also available at Romanella’s website at https://3SixtyManagementServices.com.
Rocky’s book about leadership, Tighten The Lug Nuts: The Principles Of Balanced Leadership recently achieved number 1 bestseller status in both Business Management and Business Leadership.
In ‘Tighten the Lug Nuts’, Romanella uses his forty-plus years of experience at UPS, and his CEO and Director roles, to explore the ways a true leader can lead any organization and its people to new levels of success.
If you read only one business book this year, this is the book you should read.
Rocky’s approach to leadership is unique and highly effective. He believes that great leaders challenge their people not to stop at the first right answer. ‘Tighten The Lug Nuts’ is a book about leadership that help readers move past that first right answer. It is full of detailed examples that are organized in an educational and entertaining way to form a framework of real-world concepts. The deceptively simple concepts, with powerful “How To Messages“ can be utilized by anyone who holds a leadership position – even parents, educators, and others. Whether you are a seasoned professional or a first-time manager, Tighten The Lug Nut is not only motivational, but also a call to action for those who have yet to make a mark in their field.
The book can also help position an organization for hyper growth coming out of the pandemic, Key concepts detailed in the book will prepare leaders and their teams to hit the ground running as they rapidly refocus and rebuild. Tighten The Lug Nuts is loaded from cover to cover with practical information that can help leaders become more effective, more productive, and more successful. It is not just another “book about leadership.”
Rocky Romanella has built an entire library of cutting-edge resources, available at his website, to help position ourselves to come out of the pandemic stronger, leaner, faster and to get a jump-start on the Rapid Rebuild process. Those resources include:
LIVE AND VIRTUAL KEYNOTES AND TRAINING – SUPPORT FOR WEEKLY MEETINGS AND CALLS
Rocky has been doing virtual conferences and training sessions with a keen eye on POST COVID and the Rapid Rebuild of our businesses. He can build a program, live or virtual, for any organization. Topics can include any or all of the 23 Leadership Competencies, concepts from the book, Tighten The Lug Nuts: The Principles Of Balanced Leadership, or any topic that might be appropriate.
THE LIST – 23 LEADERSHIP COMPETENCIES
Every item on the list will play a vital role during the Rapid Rebuild of our economy, our businesses and our lives. Any or all of them will be appropriate for virtual meetings, talks or presentations.
Over 108 podcasts that take a deep dive into Leadership topics. These can be searched by topic, show name or Leadership Competency.
The video library includes training videos, Balanced Leadership videos, Keynote Speaking videos, Tighten The Lug Nuts videos, interviews videos, Coach’s Corner videos and much more.
More on leadership skills, virtual keynotes, training sessions, virtual meetings and conferencing calls, training workshops, strategy sessions and general information on the relaunch of the economy is available at Romanella’s website.
As a special incentive for those who are ready for a Rapid Rebuild, Rocky will be offering meeting calls at no charge for those who purchase 20 or more copies of his 5-star rated book on leadership, ‘Tighten The Lug Nuts’. Contact Rocky for details at [email protected], and or 610-322-0720 to schedule your session.
With over 4 decades of “boots on the ground” leadership experience, Rocky Romanella is one of the best keynote motivational speakers in the country and internationally. He has spoken in large and small venues all over the US including cities such as Atlanta, San Diego, Las Vegas, Phoenix, NYC, Dallas, Chicago, Miami, Houston, LA, Charlotte, and many others. Internationally, he has presented keynotes in Toronto, Mexico City, Milan, London, and Krakow. He is known for creating excitement through his energy, passion, and knowledge, while employing his talents and experience to motivate, inspire and entertain audiences, regardless of size.
Romanella has garnered praise for his ability to connect to a wide range of audiences with his storytelling ability and innate charisma. Richard Snowden, President of Raven House International said, “An engaging speaker and facilitator, Rocky leads business executives to break-through results through break-through thinking.” Conrad Swanson, Sr. VP Agency Development of Arpin Van Lines Inc. stated, “Rocky inspired many to look inward and improve the way they operate their businesses and lead their team members.”
A winner of the UPS Chairman’s Award for Excellence, Romanella has created a legacy of motivating teams to achieve their best. He pulls in audiences with real life stories from an illustrious career spanning nearly 40 years at one of the most recognized and admired brands in the world. Rocky brings leadership expertise in supply chain, logistics and transportation, retail, sales and operational excellence strategy, telecommunications engineering/construction management and installation. Having led many company sales efforts, rapidly building brands, restructuring events, and developing a culture needed to integrate past acquisitions, he inspires audiences to create a unified company with one vision.
Rocky Romanella is available for keynote speaking engagements and media interviews. He can be contacted using the information below or by email at [email protected]. Full information on 3SIXTY Management Services, more information on keynote speaking and ‘Tighten The Lug Nuts’ is available at the company website at https://3sixtymanagementservices.com.
About Rocky Romanella:
Rocky is the Founder and CEO of 3SIXTY Management Services, LLC, a management consulting firm specializing in Executive Speaking, Leadership Development and Consulting Services. He also serves on the board of Goodman Networks, a leading provider of end-to- end network infrastructure, field and professional services to the wireless telecommunications and satellite television industries.
Rocky is an experienced CEO who led one of the largest rebranding initiatives in franchising history – The UPS Store, revolutionizing the $9 billion retail shipping and business services market.
While leading The UPS Store, the network increased retail unit, same-store sales by 5.8%, outpacing the National Retail Federation results of 4.6% during a recession.
Rocky steered UPS’s entry into the health care industry and created the mantra, “It’s a patient, not a package.®”
He also led the integration of more than 20 acquisitions to improve financial performance, capabilities, and global network footprint.
Through his executive roles and leadership advisory services, Rocky delivers results by developing and implementing his Balanced Leadership Model across enterprise operations. This includes a laser focus on customer needs, employee empowerment and the demands of shareholders.
Rocky has the rare ability to see a clear vision of the changing business landscape, the passion to develop strategies, tactics, and metrics to drive desired results.