People Profits Principle #92
Do you have a problem with people (1) showing up for work, (2) staying for the whole day, (3) calling in sick, (4) being productive?
Maybe you need fewer people making more money. I have found if you pay a little more per hour you will eliminate the above problems and you will get more done with fewer people.
What 5 strategies reduce turnover in the first 6 months of employment?
Equifax states that 40% of all employee turnover happens in the first six months. Another 16% happens in the next six months. Therefore 56% of all turnover happens in the first year. Imagine the amount of time and money being spent to recruit, hire and train 56% of your employees who will not be with you in a year.
There are two types of turnover:
People Profits Principle #91
Ever lost a good employee because you did not do something about a under performing employee? Did you ever wish that it was the bad employee who had left instead of the good employee? Ever had employees reapply to return once one of your bad superviors left?
It is the way it works. If you don't do something about the under performers or even straight up bad employees you will lose your good employees. They don't want to put up with it.
People Profits Principle #90
Can you imagine not having a brand as part of your marketing efforts? How would you customers know who you were and what you did? Why would they stop and give you enough time for them to know whether or not to buy from you? Do you not use your marketing brand to focus attention?
It is the same with your employer brand. If you don't know who you are as an employer - how are they going to know?
People Profits Principle #89
Is the employee evaluation experience an excrutiating experience? Do wish it could be better? Do you have employees who are surprised by their employee evaluations? Do they want to argue about what you have said in the evaluation? Do they act like they have no idea what you are talking about?
People Profits has a proprietary system called Constant Evaluation. It eliminates the above issues. No surprises - no heated stessful discussions.