The Cost of Employee turnover is higher than you think
In today’s labour market your employees are like gold. Employee retention can mean the difference between growth and failure. The solutions to your turnover and employee retention issues are hidden wealth.
Factors in employee retention that save you money:
- It saves frequent hiring costs from turnover
- Saves training costs
- Reduces costs associated with low productivity during training
- Reduces costs associated with poor quality
- Reduces health care costs
Cool Running will uncover problem areas and identify strong points to build successful strategies. We have targeted surveys and questionnaires that elicit impacting responses that provide solid direction. You will know the critical factors in employee retention for your unique business, plus be able to manage change and innovation.
You will know the overall level of satisfaction and your employee’s concerns that must be addressed. Your managers will be empowered with programs that improve problem areas. Managers must understand the factors in employee retention and be able to manage change and innovation.
Cool Running facilitates opportunities for team growth that bridges the gap between employees and management. Employee relations are key to reducing employee turnover. Labour conflicts cost you money. Frequently this conflict surfaces when you are trying to manage change and innovation.
“Start with good people, lay out the rules, communicate with your employees, motivate them and reward them. If you do all those things effectively, you can't miss.”
Lee Iacocca
ASK Ed Carne
Why does hiring new employees cost me more?
Ed Says: Let's look at the cost of hiring a new employee… Full Answer
What do your survey's ask that will help with employee retention?
Ed Says: We look for specifics that indicate how an employee feels about the organization… Full Answer
My managers are doing the best they can, how can you help them?
Ed Says: The reality is that many managers are not skilled at managing people… Full Answer
What do you do to help improve employee relations?
Ed Says: There are literally thousands of ways to reward and motivate employees, and no one solution that fits all…
Full Answer
