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You are here: Home / Quick Reads / Using Employee Turnover to Turn Your Company Around

Using Employee Turnover to Turn Your Company Around

Last updated: February 27, 2015 By Braintrust

If you’re a business owner, you know there are few things worse than a hiring a great new employee, mentoring them and helping them grow, and then watching helplessly as they accept a job offer elsewhere and leave you to start all over again. Young professionals in particular are likely to job hop at a moment’s notice; thirty percent of companies lost fifteen or more percent of their millenial employees in 2013! So how can you turn this trend to your advantage?

 

First, you should take a close look at what makes a top performer in each position in your company. Find the bright points that make your top employees stand out and foster those across the entire company, and you’ll gradually change the culture of your business. This goes along with hiring the right people – when someone leaves, is it because they weren’t a good fit for the culture? Because they received a more lucrative offer? Work to develop your hiring process so you’re hiring candidates with the qualities of a top performer that fit into the culture of your business. Do this, and you’ll be on your way to a crackerjack staff!

 

For more hiring tips, click here: http://www.entrepreneur.com/article/238102

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