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http://TheResourcefulCEO.com, Why Good Workers Quit discusses why good employees leave and what small and medium business owners can do to reduce employee turnover. [email protected], 404-642-0509
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Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
1
Why Good Workers Why Good Workers QuitQuit
Why Good Workers Why Good Workers QuitQuit
What You Can Do
to Reverse this
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
2
Why This Is a ProblemWhy This Is a ProblemWhy This Is a ProblemWhy This Is a Problem
• Recruiting costs• Training costs• Downtime and low productivity• Lack of continuity• Business bottle neck
www.TheResourcefulCEO.com
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
3
Why Good Workers Why Good Workers QuitQuit
Four major reasonsFour major reasons
Why Good Workers Why Good Workers QuitQuit
Four major reasonsFour major reasons
1. Lack of support.– Not given parameters, support or
training.
2. No recognition.– Employees want to feel their work is
useful & rewarding.
3. Lack of clear goals.– Too much uncertainty = anxiety.
4. Low pay &/or lack of benefits.
www.TheResourcefulCEO.com
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
4
How to Retain How to Retain EmployeesEmployees
5 Steps 5 Steps
How to Retain How to Retain EmployeesEmployees
5 Steps 5 Steps 1. Sit down with valuable employees.
1. Are they happy?
2. What would increase job satisfaction?
2. Develop employee recognition and morale programs.
1. Use the information from above.
2. Solicit suggestions & highlight to managers.
www.TheResourcefulCEO.com
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
5
How to Retain Employees How to Retain Employees
5 Steps (cont’d)5 Steps (cont’d)
How to Retain Employees How to Retain Employees
5 Steps (cont’d)5 Steps (cont’d)3. Communicate honestly.
1. Communicate goals, financial troubles, budgets, etc.
2. Solicit employee assistance.3. Encourages employees to do same.
4. Write position contracts for each position.
1. Employees’ strategic & tactical responsibilities.
2. Company goals employee goals.
www.TheResourcefulCEO.com
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
6
How to Retain How to Retain Employees Employees
5 Steps (cont’d)5 Steps (cont’d)
How to Retain How to Retain Employees Employees
5 Steps (cont’d)5 Steps (cont’d)5. Consider joining a PEO or offering
bonuses.
1. PEO - personnel employment organization – can offer range of benefits options.
2. Bonuses tied to bottom line pay only when can afford to.
www.TheResourcefulCEO.com
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
7
Additional Information:Solving the Capital
Equation: Financing Solutions for Small Businesses
Available on Amazon
Getting StartedGetting StartedGetting StartedGetting Started
Problem
Why Quit
How to Retain
Highest Ranking
Getting Started
TheResourcefulCEO
8
Thank You!
Tiffany C. Wright
Follow my blog,
The Resourceful CEO: http://TheResourcefulCEO.com
The Resourceful CEO
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