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Posts tagged “Staff turnover”

Rightsizing is a proactive process and should be a constant part of managing an organisation. With many employees furloughed are you making the best use of this opportunity to right-size your company? 
 
To right-size it is important to look at several factors – look at the market needs and trends, technologies, alternative approaches and new ideas. The current crisis that we all find ourselves in has meant that many of us have had to look at these areas anyway. Right-sizing needs to focus on the future and for leaders to look at where their organisation is to be headed post lockdown. Newly clarified or redefined strategic direction often gives leaders new insights about what skills are needed within the organisation to be able to head in this direction. 
 
Most of us aren’t entirely clear where things are headed after this pandemic, but each day certain aspects may become clearer. By making decisions on where things are most probably likely to be headed helps managers make more effective right sizing decisions around hiring new people and the direction for training and retraining current employees equipping them with new skills to prepare them for the future. 
 
Click below for 3 questions to ask yourself before starting right-sizing. 
Statistics show that 4% of employees leave on day 1 of a new role and 22% within the first 45 days. Does your company have a high staff turnover and have you looked at the root causes of this and the impact that it may be having on your business?  
 
 
 
A low staff turnover means that generally companies have a higher morale, their customers are more satisfied, the company is better at maintaining its knowledge and expertise and will see better sales growth. What are our top tips to increase your staff turnover? 
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