When unemployment rates are low it, competition for great talent intensifies. A barometer to keep in mind is that if people are leaving withing 3-5 years, it shows the potential lack of development options. If people are leaving after the 5-year mark, it is usually due to leadership or organizational culture.
Over 11 episodes, Dan Schneider a Partner of The Rawls Group and Renay Winston President of People 1 discuss turnover, the impact to the organization, the cause and how to avoid it.
As you listen to this episode you will walk away with key take a-ways and may want more. Click to visit the “Turnover: Causes and How to Increase Retention topic page to easily access the additional episodes in the series.
Other topics discussed in the series:
- Episode 1: What is the cost of turnover?
- Episode 2: Why do organizations suffer turnover?
- Episode 3: Is turnover avoidable?
- Episode 4: How can an organization develop an environment to minimize turnover?
- Episode 5: What is one of the biggest mistakes employers make when retaining key talent?
- Episode 6: What can organizations do to retain key employees?
- Episode 7: Should organizations intentionally review their talent?
- Episode 9: Do employees leave the organization or their boss?
- Episode 10: What recommendations do you have for organizations to recruit and retain key talent?
- Episode 11: What is one key thing to start doing to recruit and retain key talent?
Business value is tied to performance. Top talent, strategic vendors, and creditors will be influenced by the organization’s competitive advantage in the marketplace. Traditionally, transitions generally bring with it a drop in profits. It is crucial that your business is operating at peak performance in order to fulfill cash flow needs and expectations during times of transition.
Click the following links for more drill-down resources on Business Performance.
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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.