July 24, 2018
Poor leadership can, and will, increase employee turnover – and the associated costs involved with re-hiring, re-training and bringing employees back up to the required level of productivity, can vary from 50% to 150% of their annual salary.
Have I got your attention?
Before you accept high turnover as simply the cost of doing business, it is time to take a hard look at the management practices that might be driving your best people away. Investing in effective leadership is not just a cultural ‘nice-to-have’—it is a critical strategy for retaining top talent and protecting your bottom line.
(Note: This article was originally published on the HerBusiness blog)