How Can Your Small/Mid-Sized Company Reduce High Turnover to Maintain Growth & Profitability
Hint: Try Hard to Reduce that Turnover Ratio
Lately, employee turnover is a subject that has been brought up in many circles that my firm encounters so lets take a moment . With a number of years’ experience in management research and dealing with change management at the low-, mid- and high-levels, I want to take a moment to reflect on some of the experiences my consulting colleagues have had when it comes to working for a company that is struggling with high employee turnover.
This article will provide value and insight if your business:
√ Suffers from high turnover
√ Spends a fortune on marketing in an effort to combat negative publicity
√ Struggles to achieve sales goals when the leads are ‘hot,’ and/or
√ Tries to motivate its employees to perform, to no avail, leading to burn-out
The above four items are symptoms of a deeper problem – a management problem. And this management problem is driving up your employee turnover rate and exposing you to risk. Throughout the business cycle, companies are often faced with a number of decisions that need to be made in order to have a positive effect on issues and operational challenges. The actions that you’ll need to take to solve the deeper problems and symptoms listed above include a number of proven methods, steps and processes.
One of the best methods to solving a problem is to understand the cause; i.e. why are you being plagued with high employee turnover?
Read the whole article here https://www.linkedin.com/pulse/how-can-your-smallmid-sized-company-reduce-high-michael-carrington