Are your good employees quitting? When top talent quits, it can be mystifying, infuriating, and costly. Our research shows that the average cost of turnover is $235,975 per employee! It's even more frustrating when you're trying to sort through exit interview feedback or whatever the flavor of the month "reasons that employees quit" survey in the news happens to be.
You've probably heard it all before:
Lack of career advancement
Not feeling paid what they're worth.
Job fit
Negative relationships with boss and coworkers.
The shifting list of reasons can make it impossible to establish a successful employee retention strategy.
The key is to understand the universal, main reason for employee turnover, then establish a proactive strategy to address it.
You may be surprised to know that you can even apply Maslow's Hierarchy of Needs and Herzberg's TwoFactor Theory to boost employee engagement and reduce turnover.
That's exactly the approach I take with my clients, and you'll discover that plus a success framework and three ways to address it immediately in this video.
Here's when you can download how to calculate the cost of turnover for the employees in your organization. It includes a helpful tool and a video from yours truly explaining it: • WHY YOUR LEADERS BURNOUT
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Thanks for stopping by and if you have any productivity or career questions you'd like me to cover in a future episode, just let me know in the comments section below.