Once weāve worked through an employee turnover calculation and developed a turnover meaning that focuses on the part thatās killing our profitability, itās time to get serious about identifying the causes! If we want to get a handle on the cost of high turnover, specifically the voluntary turnover t...
Over the last several years, I frequently referenced a study I initially found from Gallup that cited some Bureau of Labor Statistics data in saying that āAccording to a Gallup study, āThe U.S. Bureau of Labor Statistics has found that the U.S. voluntary turnover rate is 23.4% annually. It's general...
There are so many ways that effective top down leadership can reduce and even eliminate the profitability killers in our businesses, and weāll start unpacking some simple strategies for dealing several of the highest risk areas soon, but one way we can ensure we achieve the best possible results acr...
As we build a top down leadership model that has a positive impact on recruitment and retention throughout our facility, we can expect that same leadership style to drive results in our areas too as long as we understand the difference between servant leadership and subservient leadership. I heard D...
The author of the Forbes article I referenced before continued supporting the idea that It All Starts at the Top by citing a Gallupās āState of the American Managerā report in sharing that āone in two employees has quit their job because of a bad boss at some point in their career. Seventy percent a...
Surely youāve heard or maybe even experienced this statement before: People Quit People, Not Companies.
John Maxwell said, āPeople come in through the door because they have a reason they want to be part of the company. But their desire for āgreener pasturesā is often motivated by the need to get a...
In many cases, the team members within an organization will indeed follow the leader because, at least for the most part, people do what people seeā¦ Iāve seen that hold true in companies with world class performance and Iāve seen it in places that were struggling to stay afloat. Even in the worst cu...
I believe making responsiveness a priority is considerably easier when we understand just how much impact it has. Think about it, would you even consider not responding to a customer or client who represents tens of thousands in profit for your company? Iād guess most of us would put our spouse on h...
We donāt need to hold a press conference, but it really is something we should have been keenly aware of for years! Now that Iāve made a case that quiet quitting hasnāt necessarily taken the place of Covid on the pandemic scene, and in some cases it may actually be the current cop-out for not accept...
Iāve been seeing the term Quiet Quitting more and more over the last few months. To be very clear, Iāve never been one to jump on many bandwagons. This catchphrase was definitely one that got me to scowl more than a few times! And in complete transparency, I just havenāt been willing to dig into the...
Last time I shared the snarky response I gave a friend when they said there wasnāt any money in their companyās budget for developing the people in roles with leadership responsibility, saying he seemed to have plenty in the budget for turnoverā¦ Truth be told, Iāve rarely seen companies actually tra...
For at least a decade now, I've maintained that having a family business culture is far more about creating the right environment than how many people work at a given location or how far away the corporate headquarters is. Quite frankly, that all ties back to a strong leadership presence - which in ...