[et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”1132.3px” custom_margin=”||-79px|||” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” min_height=”68.3px” custom_margin=”-73px|auto||auto|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
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This isn\u2019t what you want to hear from an employee. Keeping \u2014 let alone hiring \u2014 employees with strong buy-in to your organization can be a real challenge. <\/span>Staff turnover can breed financial complications, not just for HR but for the entire company.<\/span>\u00a0<\/span><\/p>\n <\/span><\/p>\n In this article, <\/span>we\u2019re<\/span> <\/span>uncovering <\/span><\/span>the <\/span>delicate r<\/span>elationship <\/span>between employee retention and the health of your business<\/span>. <\/span>So why is employee retention so important anyways? And <\/span>what\u2019s<\/span> the secret to forming a healthy, dynamic team over time? Keep reading…<\/span><\/span>\u00a0<\/span><\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.2″ _module_preset=”default” min_height=”430.3px” custom_margin_tablet=”33px|||126px|false|false” custom_margin_phone=”-93px|||-27px|false|false” custom_margin_last_edited=”on|desktop” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/ecngx364.inmotionhosting.com\/~capcon7\/wp-content\/uploads\/Untitled-design-3.png” alt=”Employee Retention” title_text=”Untitled design (3)” _builder_version=”4.21.0″ _module_preset=”default” transform_scale=”275%|275%” transform_translate=”48px|52px” width=”51%” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text ul_item_indent=”20px” _builder_version=”4.27.2″ _module_preset=”default” custom_margin=”|||-40px||” custom_margin_tablet=”381px|||-126px|false|false” custom_margin_phone=”224px|||24px|false|false” custom_margin_last_edited=”on|desktop” custom_padding=”||0px|||” global_colors_info=”{}”]<\/p>\n Your team, or your people, is one of the four \u201cintangible capitals\u201d<\/strong><\/em> you have within<\/span> <\/span>your business. (The others are structural, customer, and social capital.) If you<\/span> <\/span>have staff retention issues, it is reasonable to be worried that prospective buyers of<\/span> \u00a0<\/span>your business might be scared away.\u00a0<\/span>\u00a0<\/span><\/p>\n On top of this, staff retention issues are often the harbinger of financial challenges. Employees jumping ship is not merely a headache for human resources \u2014 it\u2019s a flashing red signal pointing toward potential monetary troubles. When an organization constantly has to replace staff, the costs can pile up quickly, including recruitment expenses, training expenditures, and the loss of productivity during the transition.<\/span>\u00a0<\/span><\/p>\n A high employee turnover rate can trigger a domino effect: it damages the<\/span>\u00a0<\/span>company\u2019s reputation, makes it harder to attract top talent, and in turn, can<\/span>\u00a0<\/span>negatively impact the business\u2019s growth and profitability.\u00a0<\/span>\u00a0<\/span> \u00a0<\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”13px|||0px|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n All of this can be avoided through retention and healthy work culture. Ensuring that employees remain satisfied has financial rewards. <\/span>\u00a0<\/span><\/p>\n \u00a0<\/span>Avoid employee burnout by:<\/span> <\/span><\/p>\n \u2714\ufe0f Providing sufficient employee development resources<\/span> <\/span><\/p>\n \u2714\ufe0f Establishing clear career paths<\/span> <\/span><\/p>\n \u2714\ufe0f Offering incentives to maintain talented individuals who drive the company<\/span> <\/span>forward<\/span>\u00a0<\/span><\/p>\n Company culture <\/span>starts at the top<\/span>. If your culture is toxic, it will be impossible to<\/span>\u00a0<\/span>change unless you and your executive leaders are willing to change too.<\/span>\u00a0<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”|||2px|false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n When you take time to reflect the worth of each team member, it keeps your business<\/span> <\/span>competitive in attracting and retaining talent. Especially in the current climate, people<\/span> <\/span>are prioritizing a healthy work-life balance. Demonstrating that you understand and<\/span> <\/span>care for employees\u2019 well-being cultivates loyalty among your workforce.<\/span>\u00a0<\/span><\/p>\n Supporting your employees as <\/span>whole people<\/span><\/i> is essential for establishing trust and<\/span> <\/span>enabling your team to feel valued and appreciated. Ways to do this vary with the<\/span> <\/span>type of business, but it <\/span>starts at the top<\/span>. <\/span>\u00a0<\/span><\/p>\n Some ideas include:<\/span>\u00a0<\/span><\/p>\n \u2705 Where you can, offer flexible work hours and remote work arrangements.<\/span>\u00a0<\/span><\/p>\n \u2705 Cultivate a positive, supportive, and inclusive work environment.<\/span>\u00a0<\/span><\/p>\n \u2705\u00a0 Encourage each person\u2019s growth, engagement, and innovation.<\/span>\u00a0<\/span><\/p>\n \u2705 Model and reward transparency and open communication.<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n By incorporating these best practices into your hiring and employee retention\u00a0strategy, you will attract exceptional talents and create an empowering atmosphere that encourages employees to thrive and reach their fullest potential.\u00a0<\/p>\n If your business performance is suffering, take a look at our top 10 ideas for improving your business’s performance<\/a>.<\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/ecngx364.inmotionhosting.com\/~capcon7\/wp-content\/uploads\/Benefits-of-Retaining-Staff-.png” title_text=”Benefits of Retaining Staff” _builder_version=”4.27.2″ _module_preset=”default” transform_scale=”214%|214%” transform_translate=”81px|68px” custom_margin_tablet=”|||110px|false|false” custom_margin_phone=”-62px|||-62px|false|false” custom_margin_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” custom_margin_tablet=”353px||||false|false” custom_margin_phone=”200px||||false|false” custom_margin_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n At\u00a0<\/span>Capital Concepts USA<\/a>, we have financial, marketing and sales, and operations consultants who can work with you to craft a plan and set goals that will make a difference in your business. Contact us today for a\u00a0<\/span>free 15-minute call<\/a>\u00a0<\/span>with our founder,\u00a0<\/span>Lorne Greenfield.<\/a>\u00a0\u00a0<\/strong><\/em><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_nav in_same_term=”on” _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_nav][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider color=”#eeeef0″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_blog fullwidth=”off” posts_number=”3″ show_thumbnail=”off” show_author=”off” show_date=”off” show_categories=”off” _builder_version=”4.27.2″ _module_preset=”default” header_text_align=”left” text_orientation=”justified” border_width_all=”0px” global_colors_info=”{}”][\/et_pb_blog][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” min_height=”141.9px” custom_margin=”-6px||-50px||false|false” custom_padding=”6px|||||” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” background_color=”#4DAD46″ min_height=”225.5px” custom_padding=”|0px||0px|false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Need Fresh Eyes On Your Business?” button_url=”https:\/\/calendly.com\/ccusa-llc\/15-minutes-to-financial-clarity” button_text=”Schedule a Call” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n We offer complementary consultations to help you identify the areas where you could most quickly and easily improve your business\u2019s performance, value, and profitability. Request one today.<\/p>\n [\/et_pb_cta][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" In the fast-paced dance of business, the last thing you want to hear from an employee is, “I’ve found another position and will be moving on.” It’s not just a farewell; it’s a hit to your business performance and staff retention.<\/p>\n","protected":false},"author":9,"featured_media":1026,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"960","footnotes":""},"categories":[33],"tags":[15],"class_list":["post-1020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-value","tag-business-leadership"],"yoast_head":"\nEmployee Retention: <\/span>What\u2019s<\/span> the big deal?<\/span><\/span>\u00a0<\/span><\/h2>\n
How To Keep Good Employees<\/span><\/b>\u00a0<\/span><\/h2>\n
Benefits of Retaining Staff<\/span><\/b>\u00a0<\/span><\/h2>\n
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