#94: Why You Need An Employee Retention Strategy

Simplify to multiply with Tim Yewchuk

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3+ y ago 19:46

M4A•Episode hjem

It's a well-known fact that employee turnover is expensive.

But just how much does it cost?

According to the Bureau of Labor Statistics, the average price tag for replacing an employee stands at about $30,000.

That includes everything from advertising costs and application fees to training and severance payouts.

In some industries, like healthcare or hospitality, this number can skyrocket as high as $100,000 per person!

Despite these staggering statistics, many business owners still don't focus on developing a strategy for retaining employees before they've even hired them in the first place.

In this episode I wanted to share the secret strategy that's helped my and hundreds of other business owners next to eliminate employee turnover.

Enjoy!

Tim the "time saver" Yewchuk

PS, Whenever you're ready to level up your business and teams, get started by scheduling your no cost/no obligation "Perfect Week" Strategy Call by visiting >> http://bit.ly/Apply--Today

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#Business #Tim Yewchuk