Artwork

Content provided by Tim Yewchuk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tim Yewchuk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

#94: Why You Need An Employee Retention Strategy

19:46
 
Share
 

Manage episode 293082934 series 2283950
Content provided by Tim Yewchuk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tim Yewchuk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

It's a well-known fact that employee turnover is expensive.

But just how much does it cost?

According to the Bureau of Labor Statistics, the average price tag for replacing an employee stands at about $30,000.

That includes everything from advertising costs and application fees to training and severance payouts.

In some industries, like healthcare or hospitality, this number can skyrocket as high as $100,000 per person!

Despite these staggering statistics, many business owners still don't focus on developing a strategy for retaining employees before they've even hired them in the first place.

In this episode I wanted to share the secret strategy that's helped my and hundreds of other business owners next to eliminate employee turnover.

Enjoy!

Tim the "time saver" Yewchuk

PS, Whenever you're ready to level up your business and teams, get started by scheduling your no cost/no obligation "Perfect Week" Strategy Call by visiting >> http://bit.ly/Apply--Today

  continue reading

111 episodes

Artwork
iconShare
 
Manage episode 293082934 series 2283950
Content provided by Tim Yewchuk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tim Yewchuk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

It's a well-known fact that employee turnover is expensive.

But just how much does it cost?

According to the Bureau of Labor Statistics, the average price tag for replacing an employee stands at about $30,000.

That includes everything from advertising costs and application fees to training and severance payouts.

In some industries, like healthcare or hospitality, this number can skyrocket as high as $100,000 per person!

Despite these staggering statistics, many business owners still don't focus on developing a strategy for retaining employees before they've even hired them in the first place.

In this episode I wanted to share the secret strategy that's helped my and hundreds of other business owners next to eliminate employee turnover.

Enjoy!

Tim the "time saver" Yewchuk

PS, Whenever you're ready to level up your business and teams, get started by scheduling your no cost/no obligation "Perfect Week" Strategy Call by visiting >> http://bit.ly/Apply--Today

  continue reading

111 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide