In this day and age, recruiting highly talented workers can be tough. And that’s an understatement. That is why so much emphasis is being placed on how to keep key employees. Whether they are new to the company, or they’ve been around for a couple of years, hanging on to your talent should be a top priority for your…
Hiring and Retaining Employees
Our Coaches pride themselves in being completely knowledgeable in regards to bringing you the latest and greatest in business growth options. We also take great pride in providing you with updates, news of interest, and tips to help you continue taking the wheel of your business and its success.
From handling workplace situations and team building to marketing and social media, you can find the answers you’re looking for to better your business and increase your knowledge base. We are always keeping an eye out for news, tools, and resources, so be sure to check-in frequently.
The Total Cost of Hiring an Employee
Posted on April 26, 2022
Hiring new team members is one of the most positive aspects of being a business owner. New hires (ideally) come on board enthusiastic and ready to put out their best work. Harnessing that energy and drive over the duration of the employees’ tenure is an absolute imperative. But we also have to consider the bottom line: what is the…
The Hidden Costs of Employee Turnover
Posted on April 21, 2022
Employee turnover can be a major burden on any organization in terms of both the human cost and the financial burden that comes along with turnover. Whether we’re talking about tangible factors like money spent recruiting and hiring or the lesser recognized expenses like the loss of institutional knowledge within a company, there is no doubt that there are…
How to Retain Young Employees
Posted on April 18, 2022
Retaining high performers is likely one of your biggest goals – and concurrently one of your biggest challenges – as a business owner. With many boomers retiring in the wake of the COVID-19 pandemic, which hit the United States in 2020, millennials are being promoted into positions of power and are filling jobs formerly occupied by the generation known…
4 Elements of Employee Retention
Posted on April 14, 2022
How much does employee turnover cost US organizations? The short answer: a lot. It’s estimated that it costs about 1.5 to 2 times the employee’s salary to replace them. Let’s say you are heading a 100-person company with an average pay of $50,000 with an average rate of attrition. You could be looking at $600,000 - $2.6 million in…
Attracting and Retaining Talented Employees
Posted on April 11, 2022
As a business owner, you know it is essential to staff your business with the best and brightest. We all know that attracting and retaining talented employees is a feat that requires organizations to work strategically and evaluate their processes on a continual basis. But just analyzing how we do things will not always be enough.
Attracting and Retaining Talented…
What are the Job Interview Process Stages?
Posted on March 24, 2022
Attracting and retaining talent is one of your most critical tasks as a business leader. Arguably, it is the most important. Your employees are the faces of your company; they interact with your customers, with the public. They complete the necessary day-to-day tasks that keep the company running, and they also provide the promise of a successful tomorrow. As…
How to Retain Employees Without Money
Posted on March 22, 2022
You have heard it before… time and time again. The only way you can keep workers is to pay them more. Money talks. So the questions revolve around how to retain employees without money. Money doesn't have the most compelling voice. When it comes to elements of an employee retention plan, it's important to think beyond dollar signs.
How to…
Disadvantages of High Employee Turnover
Posted on March 16, 2022
Constant turnover at work is more than a nuisance or an inconvenience. It is a one trillion dollar per year problem in the United States. The cost of replacing an employee can be as high as 1.5 to 2 times their salary when you include resources spent advertising the position, screening applicants, interviewing candidates, conducting background checks, and onboarding…
Creating an Employee Retention Plan
Posted on March 14, 2022
Let's talk about how to build an employee retention plan. When you think of your company’s most valuable assets, what comes to mind? When you consider what makes your business successful, do you mentally review a spreadsheet of property holdings, intellectual property, equipment, technology? Or do you think of people? If so, you’re on the right track. Your employees…
- 1
- 2
