Failing to address staff attrition is costing your business time and money
Download the free white paper ‘Attrition and Motivation’ to better understand why people leave their jobs, and how you can get them to stay
"To win in the marketplace, you must first win in the workplace."
— Douglas Conant, former President and CEO of the Campbell Soup Company
People are leaving their jobs in greater numbers than ever. Businesses can normally pinpoint their cost of hire to the nearest penny. Their techniques, processes and systems are all geared towards bringing people in rather than keeping them.
But attrition has been proven to be more expensive than attraction, and yet employers are still spending a disproportionate amount of time, effort and money on bringing in new talent.
Instead of developing a strategy to tackle attrition, too many employers accept high turnover as a fact of life. By prioritising hiring without understanding what causes people to leave, employers are essentially plugging a leak in a boat by drilling a hole elsewhere.
To keep attrition under control, businesses need to change their approach. Given the risks associated with hiring, it is incumbent on managers to focus on how to keep, engage and develop their existing employees rather than bringing in new people — people who may be bound for a premature exit themselves.
Reading this white paper will allow you to:
- Better understand the motivations of the workforce of today
- Learn how generic job descriptions are leading you to hire the wrong people
- Understand why management needs to change to address staff attrition
- Hire for long-term success
- Understand what makes people tick
- Learn the crucial differences between extrinsic and intrinsic motivations
- Understand motivation theories and learn how to apply them in practice
- Drive your current workforce to greater success
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