High staff turnover causes negative morale at the office. Demotivation and disengagement kick in, affecting the relationship with your customers, which will eventually affect your turnover and profit margins. All this leads to a serious negative impact on your company culture and also on your company’s reputation.
I was recently at a client and we discussed the importance of having a proper pay structure in place. The director explained that in today’s job market, they do not necessitate having one in place as they are constantly scrambling to pay more to entice prospective employees and/or retain their people.
One of the biggest challenges facing business in these last twenty years is that of adapting to the change brought about by outside forces.
Think of each and every job applicant your organisation has had over the years and consider how you handled each and every one of them. Did you ensure that the job applicant’s first impression of the company was positive? Was the experience of those who were not employed positive too?
The damage done by the financial crisis of 2008 to the image of business is mostly unrepairable.
I am all for continuous professional development (CPD) and I do believe that an ongoing process of learning is crucial for the progression of any career or profession.
