Employee retention is a struggle for a lot of business owners. There does not seem to be one industry immune to losing good talent.
Losing our key employees is very costly to the business. You lose the knowledge and experience, but then you have to invest in recruiting and retaining new talent, hoping they too do not leave. There are a lot of strategy ideas for business owners to consider when looking at ways to retain employees. Kendall Rawls shares a story a strategy that works well with those employees who demonstrate star potential, the golden handcuffs.
Click the following link to read Kendall Rawls’ Multi-Unit Franchisee article titled: Key Employees and Golden Handcuffs
Read the article and then contact us to get some insights on your own scenario. Even if you don’t become a client, a few minutes with us may help you save years of headaches. Contact Us
Successor Preparation
NextGen leaders can feel like they are stuck between and rock and a hard spot. Working to fulfill expectations of leadership as well as making their mark on the organization to earn respect. Click the following links for more drill-down resources on Successor Preparation.
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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
