The ONE Thing 323. Why Top Talent Leaves and How to Fix It
Over a trillion dollars were lost to voluntary turnover in the USA last year alone. Replacing an employee costs an average of between 1.5 and 2 times their annual salary – and that’s a conservative estimate. The salt in the wound? 52% of people who leave for a new job say that their management could have done something to keep them. So, how can you help your organization avoid becoming part of these unfortunate statistics?
Can you give yourself permission to make your world so big that, when someone steps into it, they can have everything they want and never need to leave?
Do you know the right questions to ask during the hiring process, questions that make instant connections and enable you to make a true commitment to each other that benefits both parties?
As you listen to this episode, pay attention to how simple it can be to turn turnover around – and if you’re the employee in this equation, know what you need to ask from your employer to make your job one that you never want to leave. Finding your ONE Thing could be easier than you think. One of the best things you can do to solidify your path on this journey is to join us at our Goal Setting Retreat so that you’ll have the tools to know what you want out of your career five years or just five months from now. Find out more by heading to the1thing.com/setmygoals.
And leaders: head to https://the1thing.com/corp-signup-v2 to request a one-on-one consultation where we can help you overcome your hiring and turnover challenges.
To learn more, and for the complete show notes, visit: the1thing.com/pods.
In this episode, you will learn...
- [01:00] About the big problem of turnover in business and how it’s only getting worse
- [04:40] How to enlarge your world so as to become the kind of person other people never want to leave
- [06:50] About investing in your workers so that everyone wins
Mentioned in this episode:
Factor 75
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