Reversing today’s dizzying employee turnover
According to the U.S. Department of Labor, over 11 million people quit their jobs last quarter - and about 50% of workers are actively looking to make a change. No wonder HR folks are so busy chasing their tails to keep up with employee turnover.
But what if there was an alternative? There is…and your organization already knows what to do.
Imagine if we replaced “high employee turnover” with “high customer turnover”. Your entire organization would high-tail it into red alert, mobilizing every possible resource to retain those customers. Why? Because everyone knows that acquiring new customers is much more expensive than retaining existing ones.
It’s the same with our valued employees. Replacing a mid-level manager costs organizations about $100,000! So now’s the time to tap into your organization’s customer retention know-how and bring today’s dizzying - and expensive - employer turnover to a halt.
And always remember:
Great managers are made. Not born.
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