EMPLOYEE RETENTIONTRAINING PROGRAM
If organization's want to see an increase in productivity and a positive impact on the bottom line, then focus on retention, says Gregory Smith, consultant and owner of the Chart Your Course International. Depending on the industry, turnover rates vary from 300% (fast food industry) to an organization like SAS with a turnover that has never exceeded 5 percent in its 20 years of existence. Low-employee turnover allows organization to focus on revenues and productivity. Our research reflects that at a minimum, it costs $4-$7K to replace an hourly worker and up to $40K to replace a midlevel, salaried employee and $80K to replace an OR nurse. The costs associated with turnover may include lost customers, lost business, damaged morale, and then the hard costs of time spent in screening, verifying credentials, references, interviewing, hiring and training the new employee just to get back to where you started. This expenditure of time and money does nothing to give a manager or an organization a competitive edge. However, despite these known costs and loss of productivity, Development Dimensions International reports that 54 percent of businesses do nothing to create a high-retention culture or reduce high employee turnover. The revolving door keeps moving – employees leave, managers interview and hire more workers allowing competitors with low turnover to focus more on productivity. Successful organizations realize employee retention and talent management is integral to sustaining their leadership and growth in the marketplace. Attracting, hiring, and retaining high-caliber employees in today's labor market challenges all organizations to manage talent at all levels.
This program provides strategies and suggestions on ways to turn an average organization into a highly productive, low-turnover environment where managers can focus on productivity --- not recruiting and replacing an endless stream of workers.
Learn how to keep people motivated and stop turnover of your top people with our on-line training program. Delivered to your inbox each week will be a new and fresh installment of our "Employee Motivation and Retention Training" Program. This information will help you become a more capable manager and help you develop an effective management strategy leading to higher retention, greater employee motivation, and improved productivity.
Here are some of the topics you'll receive each week during the program.
"Greg Smith's provides the insight that today's leaders and managers need to hone their 'retentionship' skills. Filled with an intriguing combination of management theory, case studies, and practical tips, Mr. Smith reinforces what all successful leaders know: that when it's all said and done, the ability to attract and retain high quality talent is the basis of long-term success."
John Michael, President and COO Ivan Allen Furniture Company
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