Employees leave bosses, not companies!
The hard costs associated with an employee leaving are generally 1.5 - 2X the employee's salary.
The costs associated with lost time, opportunities, and productivity are much greater.
When it comes down to it, you better be thinking about how to retain your best employees.
On this episode, best-selling author and leadership coach Nils Vinje explains how leaders can retain their best employees by focusing on four key areas of growth.
In this episode...
0:11 - First job out of undergrad - From excitement to resentment in a couple of months.
4:00 - Gallup poll results - This research measures the cost of psychological detachment.
6:42 - Four key areas of growth - Focus on these areas to keep your employees engaged.
11:52 - Leadership environment - What role does environment play in retaining your best employees?
16:16 - Employee compensation - It's not always the most important thing to focus on, but many people think it is.
20:03 - Employee recognition - Recognize and reward the performance that you want to see more of.
22:30 - A short recap of the four key areas of growth - These engagement strategies will help you retain your best employees.
This episode was brought to you by B2B Leaders Academy