What can you do to turn around employee turnover?
According to the United States Bureau of Labor Statistics, private sector employers in the U.S. saw 2,405,000 employees leave their jobs in June of 2014. That is 2% of the total workforce. Those numbers have repeated consistently each month since January. And, this is just following a long period of joblessness. Why do so many people leave their jobs? What can you do to minimize employee turnover?
Well, the problem starts with respective human and corporate self-interests that, according to Forbes, “result in value minimization.” If employees work just hard enough to avoid termination and they are reimbursed just enough to stay on the job, something has to fill in that lack of mutual interest. In that gap lies untapped customer value.