How to Solve Your Turnover Problem

Jan 21, 2020

Larry Wilson, a seasoned expert in business leadership and team management, shares vital insights on tackling employee turnover. He emphasizes that the root cause of turnover often lies in a lack of clear vision. By addressing this, leaders can revitalize their teams. Wilson outlines three actionable steps to communicate vision effectively, especially crucial for engaging millennials. He also discusses the stark consequences of failing to clarify company goals, urging leaders to foster a strong organizational culture that attracts and retains top talent.

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Intro

00:00 • 2min

The Impact of Vision on Employee Retention

01:31 • 14min

The High Cost of Failing to Communicate Vision

15:18 • 3min

Visionary Leadership in Organizations

18:23 • 9min

The Power of Vision in Leadership

26:56 • 2min

To lead a growing business, you need a strong team. But finding and keeping talent is a challenge. Sometimes it seems that good people leave faster than you can hire them. You’ve added all the perks you can think of, but nothing will stop the revolving door. Why does staffing have to be so hard? Our decades of experience have taught us that staffing, like everything else in business, boils down to one thing: vision. You need to stop looking at the secondary causes of turnover, and address the underlying problem. Either you don’t have a vision, or your team does not understand it. Don’t worry, we’ve identified three clear steps to getting your team rallied around your vision. Take these actions, and you’ll see turnover decrease and engagement skyrocket. You feel new energy in your business. And you find good people begging to join your team. In this episode, you will— Learn the real root cause of turnover. Find out why this problem is particularly acute for managing millennials. Identify the three steps you can take to improve retention. Discover the difference between a vision statement and a vision script. See the four key aspects of your company that you must clarify for your team. Understand why the stakes are so high for employee retention. Gain valuable tips for connecting team members to your vision for the company. After you’ve listened to this episode, here’s your next step. Ask three of your team members this simple question: “What is the vision of our company?” Their answer will tell you exactly where to begin in solving your turnover problem. You can do this! Have you shared Lead to Win? If you haven’t shared this podcast with a friend or coworker, would you do that right now? You are our very best source for discovering new listeners! Drop a link to this episode into a text message or your favorite social channel. Your friends will thank you. Don’t forget the hashtag #leadtowin. And if you haven’t had a chance to review the podcast yet, we’d love to hear your thoughts. You can do that on iTunes or wherever you listen to podcasts. We’re eager to hear from you guys, and we do read every single review! Resources from This Episode The Vision-Driven Leader by Michael Hyatt See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.