The biggest downside to a strong economy right now is that turnover is growing at a high rate of speed. When employees have options they tend to look for more pay and better benefits as well as an opportunity to grow and advance in their careers. Turnover cost employers $280 billion in 2018 and that […]
The Growing Problem (And Cost) of Employee Turnover [Infographic] Read More »
Do you know what it costs when you make a bad hire? Do you know what it costs if one of your star employees leaves you to work for a competitor? If not you need to compute your Cost of Employee Turnover. According to the Corporate Leadership Council report on Workforce Turnover and Firm Performance,
Clients aren’t going to stick around forever, even with the best customer service, best brand and best client retention rates. This is especially true if you’re new to a business or are in the process of growing your team. When I first took over at Single Grain, I thought I could be hands-off. I thought
The salon industry is well known for its poor staff retention and high employee turnover. Salon owners are met with the challenge of how to improve retention rates amongst salon workers. Effective leadership and business practices can help turn a small business into a profitable venture, including salons. Small Business Trends caught up with Kay
Salon Expert Shares Tips to Prevent Turnover in a Revolving Door Industry Read More »
