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How do we get a 98% retention rate?
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Let our advance worrying become advance thinking and planning. – Winston Churchill
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If we don’t, we become reactive, fire-fighting, which could lead to example a huge appointment mistake costing the company approximately 30K to replace one employee.
I’m not saying this number to shock or scare you, but research from Oxford Economics state that the following factors make up this cost:
- The lost Output while a replacement employee gets up to speed i.e. the cost of them being less effective until they reach their ‘Optimum Productivity Level’.
- Logistical costs incorporates expenditure such as advertising costs and agency fees, as well as invested time such as interviewing prospective candidates.
- Recruitment agency fees or costs of running your own adverts online and in print.
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However, I have some good news for you… it’s NOT your fault! You see most business owners that we talk to, like you, have never been taught how to identify their existing PEOPLE talents or how to properly recruit in a way that significantly reduces the staggering £30k cost of staff replacement most businesses need to find.
This is exactly why we created our unique Powerful People Framework™.
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Let us show you how:
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If you have a high recruitment spend or struggle finding the right staff…we offer consultancy advice to help you understand, what skills and experience are needed to cost-effectively grow your company using the below formula.
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6 Steps benefiting you of how:
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To retain and develop your existing people so they add more Value and feel more motivated.
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To know how to significantly boost your People’s personal productivity to positively impact profits.
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To increase your teams motivation and focus.
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To empower and engage your people so they want to stay and grow with your company.
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To learn from recruitment disasters and start saving money right now.
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To effortlessly recruit the right person first time!
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