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Low Employee Turnover is Key to Business Growth

Employee turnover is expensive!

When someone leaves the company voluntarily, they have fired their manager, the company or the opportunity.  Sure, sometimes they leave for other reasons like family, health, and logistic reasons, but often they go for a better opportunity, real or imagined.

Employee turnover is expensive

Recruiting and training is expensive!

And there is no guarantee that you can find someone as good as the person who fired you. If half your people leave in a given year, it’s like starting a new business every two years. It’s difficult to get traction when you have new people all the time.

Looking at it this way, it makes sense to do all you can to keep the people you have. There are many ways to keep people engaged, contributing, feeling important and like they are at the right place for them.

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About the author

Richard Fencil

Richard Fencil lives in Guilford, Connecticut with his wife and three sons. He works for Basement Systems in Seymour, CT that specializes in basement waterproofing, crawl space moisture control, foundation repair, and basement finishing.

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