1. Problem Why Quit How to Retain Highest Ranking Getting Started Why Do Good Workers Quit? And What Can You Do to Reverse this? 1 2. Problem Why Quit How to Retain Highest Ranking Getting Started Why This Is a Problem Recruiting costs Training costs Downtime and low productivity Lack of continuity Business bottle neck 2http://TheResourcefulCEO.com 3. Problem Why Quit How to Retain Highest Ranking Getting Started Why Good Workers Quit Four major reasons 1. Lack of support. Not given parameters, support or training. 1. No recognition. Employees want to feel their work is useful & rewarding. 1. Lack of clear goals. Too much uncertainty = anxiety. 1. Low pay &/or lack of benefits. 3www.TheResourcefulCEO.com 4. Problem Why Quit How to Retain Highest Ranking Getting Started How to Retain Employees 5 Steps 1. Sit down with valuable employees. 1. Are they happy? 2. What would increase job satisfaction? 2. Develop employee recognition and morale programs. 1. Use the information from above. 2. Solicit suggestions & highlight to managers. 4www.TheResourcefulCEO.com 5. Problem Why Quit How to Retain Highest Ranking Getting Started How to Retain Employees 5 Steps (contd) 3. Communicate honestly. 1. Communicate goals, financial troubles, budgets, etc. 2. Solicit employee assistance. 3. Encourages employees to do same. 3. Write position contracts for each position. 1. Employees strategic & tactical responsibilities. 2. Company goals employee goals. 5www.TheResourcefulCEO.com 6. Problem Why Quit How to Retain Highest Ranking Getting Started How to Retain Employees 5 Steps (contd) 5. Consider joining a PEO or offering bonuses. 1. PEO - personnel employment organization can offer range of benefits options. 2. Bonuses tied to bottom line pay only when can afford to. 6www.TheResourcefulCEO.com 7. Problem Why Quit How to Retain Highest Ranking Getting Started Getting Started Additional Information: The Resourceful CEOTM Newsletter Sign up to get weekly insights and tips to drive your business cash flow and value creationand increase your personal net worth http://TheResourcefulCEO.com/subscribe 7 8. Problem Why Quit How to Retain Highest Ranking Getting Started Contact Us http://theresourcefulceo.com/contact/ 8 Thank you! Tiffany C. Wright Follow my blog, The Resourceful CEO: http://TheResourcefulCEO.com/blog Twitter: @ResourcefulCEO Google +: Tiffany C. Wright LinkedIn: Tiffany C. Wright