Hiring is hard. From finding the right candidates to interviewing to onboarding, the whole process takes hours and hours of you and your team members time.
And it’s expensive. It’s estimated that the cost of employee turnover is up to 2X that employee’s salary – let alone the morale killer it becomes for your team when it’s happening all of the time.
So when Gallup released a recent study indicating that 42% of employee turnover can be prevented, I knew I had to talk about it.
Instead of letting your team or business be a revolving door of high turnover; or to even have to stress about losing the great talent you worked so hard to hire, in this week’s episode of Managing Made Simple, I dive into three key strategies for retaining your best employees and building a loyal, high-performing team.
> LISTEN NOW ON APPLE PODCASTS OR SPOTIFY <<
Here’s a sneak peek at what you’ll learn:
1. The power of specific, frequent recognition and appreciation in making your team members feel valued and motivated to stay.
2. How to give constructive feedback in a supportive way that helps your employees grow and achieve their goals within your organization.
3. The importance of consistently offering challenging work and opportunities for growth to keep your top performers engaged and fulfilled.
We’ve all had that devastating experience of not catching the warning signs and losing a great team member without notice. By checking in with our team members proactively and doing these three things, that experience doesn’t have to become a pattern.
Don’t let preventable turnover hold you back from achieving your vision and goals. Tune into this episode of Managing Made Simple and keep the awesome employees you worked so hard to find in the first place.
>> LISTEN NOW ON APPLE PODCASTS OR SPOTIFY <<
Need help with making sure you’re fully utilizing all of your team members? Send me an email at hello@liagarvin.com. Together we can make sure everyone is working on the right things that are ensuring your team members are both living up to their full potential and firing on all cylinders.
Talk soon,
Loa
