Low Employee Turnover is Key to Business GrowthFriday, February 1st, 2019
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.
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.
How do you it? Comment on this post at Think Daily for Businesspeople. Don't forget to sign up for Think Daily when you're at the site.