New hire, staff retention, staff management, staff training, wise hour

Train people well enough so they can leave. Treat them well enough so they don’t want to. – Richard Branson

It is extremely exhausting having to train and re-train new employees. The turnover expenses are higher than you may think. Studies have shown that replacing an entry-level employee costs 50 percent of their annual salary. That figure rises to as much as 250 percent when replacing leaders or highly skilled employees. 

Other consequences include the impact on teamwork, and that your loss may be a competitor’s gain. 

Is your retention issue due to the hiring process being non-stringent? Or is it related to the organisation culture that is resulting in disengaged employees? It is important to nip the problem in the bud.

Speak to Wise Hour on how you can improve your staff retention here.