The Cost of Turnover

With events starting to open back up, Steve Baker is on the road a lot these days, and there’s one question he keeps hearing, “What do you do about talent?” People want to know how they can find good people, how to keep them, and how to create a culture that engages employees. 

So, naturally, Steve looked to the Great Game™ Community for answers. He asked coaches and practitioners how they were handling the war for talent and what they were doing to stand out from the competition. It turns out that companies are finding pretty unique ways to become the “Employer of Choice” and “Partner of Choice” to help their companies attract talent.

But before jumping into attracting new employees, let’s talk about the cost of not being able to retain the talent you already have. The economic reality of talent is that it costs money to replace people. A LOT OF MONEY. In the video above, Steve will show you how he calculates the average cost of turnover for an organization per year. Learn what steps other companies are taking to become the sought-after company to work for, how to keep your current employees, and how to avoid spending thousands of dollars in turnover every year.

3 Principles To Retain Talent

Does your company have any tactics in place for retaining and attracting talent? If so, share your methods below! We LOVE to share in the wisdom of the companies in The Great Game of Business community.