“Employees don’t leave companies, they leave people.”- Dale Carnegie
We have recently seen an unprecedented growth in the job market. The tables have turned and there are now more available jobs than there are employees. Did you know that a recent survey showed 91% of employees changed companies the last time they changed jobs? Also, 51% of currently employed adults in the U.S. say they are searching for new jobs or watching for new opportunities.
Research also shows disengaged employees cost U.S. companies up to $550 billion a year in lost productivity. In fact, a study by the Society of Human Resource Management reveals employers spend 6-9 months of an employee’s salary to train a replacement. To further complicate the issue, Millennials are projected to make up 75% of the workforce by 2025 and only 1 in 2 plan to be with their current company a year from now.
What are you doing to retain your employees?
When we fail to develop our team and ourselves as leaders, we often experience loss whether that be profits, productivity or retention of our team members. It is important to understand this critical leadership value.
Do You Need Help with Employee Retention?
- Are you losing employees to bigger and better opportunities?
- Do members of your team leave faster than you can replace them?
- Are you curious why people are leaving your organization?
- Are your employees disengaged?
- Are you experiencing high rates of absenteeism and frequent unplanned leave?
- Do you sense a lack of discretionary effort by your employees?
- Is your team characterized by suboptimal productivity and poor quality of work?
If any of these questions grab your attention, let’s talk.
Employee Retention Generates Results
Keeping employees is critical to the success of any company. We will partner with you and your team to help increase employee retention by creating a culture where people are happy, engaged, and committed to meeting goals.
We can help you keep your employees engaged. Don’t wait. Contact us now for more information.