Minimizing Turnover and Understanding the Costs
1 hour 5 minutes
Learn new ways to help your associates innovate more, produce more, and have more fun.
Research has shown that employee turnover costs can equal up to one-third of an employee’s annual salary. That means losing a team member making $50,000 per year can cost you as much as $16,666 – for just one employee. Ouch. The irony is, much of this cost can be prevented. What do Marriott, USAA, Cisco Systems, Kronos, St. Jude Children’s Research Hospital, and Southwest Airlines all have in common? They have company cultures in which employees love to come to work, and they regularly appear on Best Places To Work lists published by Fortune, Glassdoor, Forbes, and Inc. Magazine. These companies consistently have lower employee turnover rates and significantly higher profits than their competitors. I know what you’re thinking. These companies may be awesome, but you do not have the power the CEOs of these companies have to create such cultures. It does not matter. Pay, perks, gourmet cafeterias, and on-site ping pong tables have little to do with it. How you lead your employees, however, does. This webinar will show you how to lead your team like Best Places To Work companies are led so they will work harder, enjoy their jobs more, and stay loyal longer.
• You will be able to recognize the true advantages and limitations of perks and benefits.
• You will be able to explain the six most important actions a manager can take to keep associates motivated.
• You will be able to discuss how to improve productivity and engagement with scientifically proven techniques.
• You will be able to identify strategies to build morale and increase excitement.