This employee retention speaker and employee retention trainer is just amazed at the number of senior leaders that are willing to accept/tolerate 50%, 80% or even 100% employee turnover in their operation. I have yet to figure out if it’s that they think people are still falling off the trees or that there is no cost to employee turnover. These are the same senior leaders that look at every little penny that is spent and scrutinize every little expense. This employee recruitment speaker finds that perplexing and, quite frankly, short-sighted.
When tolerating 50%, 80% or even 100% turnover, these same organizations are literally burning thousands upon thousands of dollars that could drop right to the bottom line. Perhaps the money doesn’t matter to them? What I think will matter to them is when they become so desperate to find people that they have to tell customers they have to extend lead times to customers and they lose those customers as a result or they have to limit their ability to take on new, profitable customers. Maybe, just maybe, when they become desperate enough, they will deal with their employee turnover issues.
These are the same senior leaders that will spend $250,000 or more on a new CNC turning center or a huge chunk of money on a new website that they can’t even determine if it has any payback at all. With employee retention, you can calculate the payback, yet, they blissfully ignore the issue.
The only thing that this employee retention trainer can figure out is that they are rationalizing employee turnover is not an issue because, in the past, employee turnover could be written off because you could always replace people. People were a commodity or a “resource” that could be used and then replenished. Well, times have changed and are not going back to the way they were…at least not for a long time based on the demographics that exist.
It’s time to wake up and smell the coffee. Unless you deal with your employee turnover you are going to be in big trouble when you don’t have enough people to run your plant, staff your restaurant, or drive your delivery vehicles. My only question is…are you desperate yet?