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Podcast Overview

Some business owners don’t care if one of their staff leaves, thinking that the vacated position could always be replaced and wouldn’t hurt their business. However, a leaving staff could actually cost you money.

According to Workplace Info, if there’s a mistake in the recruitment process, this could lead to early employee resignation or dismissal. And do you have any guess on how much this might cost you if your employee leaves? This could actually cost you between half and two-thirds of that employee’s yearly salary. So if your leaving employee’s annual salary is $60,000, this could cost you between $30,000 – $40,000 in an instant.

This podcast will help you understand on why it would be better for your business to focus on staff retention.

To help you prevent your staff from leaving your company, download our staff retention checklist.

 

Show Notes:

0:00

Get to know the latest biz updates about Adam John and Grant Merriel.

3:40

Why business owners should focus on staff retention; the cons when a staff leaves your company.

6:30

Introduction to the 5-step staff retention framework.

10:40

Talks about how outsourcing can help lessen the load of your business, and where to find a reliable and credible VA team.

Experience working with our recommended VA team within a week for FREE!

13:19

How Adam worked on retaining his employees to his different companies.

20:13

Grant shares own experience about staff retention.

31:03

A quick walkthrough on the 5-step staff retention framework.

 

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Specialising is business processes, frameworks and systems, Grant has founded multiple businesses that all operate to target the key fundamental of scalability. His goal is to improve millions of people's lives by assisting business owners to succeed.