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Decreasing Staff Turnover

10x Your Life
The true costs of staff turnover may be hidden, but they are still there. That alone should motivate you to empower your staff so they become motivated and loyal employees.
Let’s look at some of the hidden costs that you don’t see on the profit and loss statement:​

  • Lowered productivity. In the 90’s there was a study that came out that highlighted that a new employee did not earn their full salary until they have been employed for eight months. This totally makes sense when you consider that the person who left was doing her role largely autonomously.
  • Lost knowledge. Performing the tasks of a former employee may be easy, though it takes time to build the specific knowledge she/he had. It’s about knowing the people, the traditions, the location of relevant information, what the boss likes and a million other things that come from working for a company for a long period. All that goes away when someone quits.
  • Remaining staff taking up the initial slack. Whilst this may not be a financial cost this is a huge expense on the overall wellness of your employees. As they get stretched thin, their quality of work goes down as does their satisfaction and engagement. And the longer they stay in their overworked roles, the harder it will be for you to regain their goodwill even after you’ve filled the vacancy.
  • Training costs. Paid training costs are obvious. Though the expenses of having someone initially train someone is a huge cost, when you consider that the other person’s duties are not being performed.
  • Interviewing costs. It takes time to go through resumes, talk with numerous people, do formal interviews (which take an inordinate amount of time), talk with colleagues, and figure out who is the best employee.

Estimates on the total of these costs run as high as 150 percent of an annual salary. Much less for lower level positions, but still significant enough to make retention a high priority for your business.
Sometimes staff turnover cannot be avoided, though when it can be, you should do everything in your power to keep the loyal employee. Loyal employees are loyal to your company. They work hard for their pay and are committed to your company’s success. Loyal employees may someday leave, but while they work for you, they do their best and often even put the company’s interests ahead of their own.
Not sure how to ensure your employees become loyal employees?

Then check out the many resources on this website.

Until next time…..

Be well and remember to make each day meaningful, memorable and magical………..and never, ever, ever stop dancing!

With Love & Gratitude
Karen Chaston.
​

 

28 March, 2017/by Karen Chaston
https://karenchaston.com/wp-content/uploads/2019/06/staff-turnover-blog14_orig.png 625 938 Karen Chaston https://karenchaston.com/wp-content/uploads/2021/02/Karen-Chaston-320_70-1.png Karen Chaston2017-03-28 09:33:542019-06-18 10:29:23Decreasing Staff Turnover

Top Issues Facing Individual Professionals

10x Your Life
Many employees are constantly on the merry-go-round of living an unfulfilled life of going to work tired, worn out, depressed, over-worked, over-weight and under-appreciated.
They are frustrated by their efforts to create a balanced life. They are living a life of “not knowing” how to manage; stress, lack of sleep, lack of fitness, lack of healthy habits (be it eating, drinking, exercise), lack of understanding their and others emotions and triggers.
People’s healthy (or unhealthy) attitudes in the workplace directly affect job performance, teamwork, creativity, leadership, decision-making, turnover and negotiations.
Attitude is catching. It can jump from person to person like a forest wildfire jumps tree to tree.
Think about that negative person at work. You know the one. They rarely have anything positive to say. The smallest event sets them off. When they get like that, people around them find reasons to escape, in fear of catching their negative vibe. Or worse still they catch the vibe and start to display the same negative traits.
Negative emotions are more contagious than positive ones. There is nothing more combustible than a good rumor, especially if there is scandal involved. This leads to hours of work stoppage, whispered secrets and mild organisational sabotage.
They can be a great time zapper as we spend about triple the amount of time on negative emotions. These emotions narrow a person’s focus. This can be an asset unless they’re in permanent survival mode (which many people are), which leads to less innovation and more protectionism. They are unpleasant. People tend to avoid negative feelings and any place that harbours them.

This affects loyalty.

Negative events turn on the adrenal glands to make us ready and alert for flight or fight. That is often what happens in a contentious company–employees either want to fight or get as far away from the negativity as they can.

Surprisingly there is a simple solution…..

Give your employees a reason to be more positive.

Not sure where to start?

Then check out the many resources on this website.

Until next time…..

Be well and remember to make each day meaningful, memorable and magical………..and never, ever, ever stop dancing!

With Love & Gratitude
Karen Chaston.
​

 

18 March, 2017/by Karen Chaston
https://karenchaston.com/wp-content/uploads/2019/06/ask-us-49130839-s_1.jpg 148 221 Karen Chaston https://karenchaston.com/wp-content/uploads/2021/02/Karen-Chaston-320_70-1.png Karen Chaston2017-03-18 09:33:442019-06-18 10:32:16Top Issues Facing Individual Professionals

The Reason For Office Politics

10x Your Life
“Office politics” are the strategies that people play to gain advantage, personally or for a cause they support. The term often has a negative connotation; in that it refers to strategies people use to seek advantage at the expense of others or the greater good.”

Office work politics can be a big drain on productivity and business morale. Some would argue that people seem to spend more time defending their back than they do actually working. In order to combat it, first let’s understand the underlying reasons:

  • Some people have more power than others, either through hierarchy or some other basis of influence.
  • For many people, gaining promotion is important, and this can create competition between individuals, or misalignments between the team’s objectives and those of individuals within the team.
  • Most people care passionately about decisions at work and this encourages political behaviour as they seek to get their way.
  • Decisions at work are impacted by both work-related goals and personal factors, so there is further scope for goal conflict.
  • People and teams within organisations often must compete for limited resources; this can lead to a kind of “tribal conflict” where teams compete to satisfy their needs and objectives, even when this is against the greater good.

To an extent, some office politics can be good.  It can motivate workers to improve employee productivity and strive to achieve their best results, hopefully for the common good of the company.

At the same time, the wrong kind of office politics can undermine employee morale and leave employees frustrated and disenfranchised, with some really amazing employees choosing to leave due to the environment. The key to keeping office politics positive is to understand it and manage it.

The more management has respect, encourage an open line of communication and empower their employees the less office politics will be entrenched in the culture.

Employees who are focused on passion-driven work and collaborating with others, have no time to waste playing politics and / or take credit for others work as they are focused on making a difference together.

Are you ready to reap the rewards from empowering your employees?
Not sure where to start?

Then check out the many resources on this website.

Until next time…..

Be well and remember to make each day meaningful, memorable and magical………..and never, ever, ever stop dancing!

With Love & Gratitude
Karen Chaston.
​

 

11 March, 2017/by Karen Chaston
https://karenchaston.com/wp-content/uploads/2019/06/office-politics10680590-s_1_orig.jpg 450 450 Karen Chaston https://karenchaston.com/wp-content/uploads/2021/02/Karen-Chaston-320_70-1.png Karen Chaston2017-03-11 09:33:092019-06-18 10:34:33The Reason For Office Politics

How Are you Spending Your Day?

10x Your Life

Let me ask you a question… What percentage of your day is spent looking after your customers as opposed to putting out fires and working on HR issues?

Every employer faces personnel issues, though some days it appears that you spend more time putting out fires than you do completing your own tasks.

Isolating the most common workplace issues depends at least to a certain extent on the type of business and overall office environment, but in general problem areas fall into four broad categories: communication, harassment and bullying, gossip, and overall morale.

Whilst the first three categories are very important, the “overall morale” core issue arises when workers at any level begin to grow dissatisfied with their work. This can happen for several reasons. Some are universal, for instance a company deciding to shift the work of departing employees onto those who remain rather than hiring replacements; it can also be personal and individual though, such as the manager who simply doesn’t get along with key members of their team, or a boss who is disrespected and widely perceived to be unfair.

Whatever their root, morale issues can lead to low productivity and performance issues, which in many cases will impact a company’s bottom line.

Solving this problem often starts at the hiring phase, and companies with the best teams often have strong policies in place to hire not just the best candidates on paper, but rather the individuals who will work best, personality-wise, with people already on the team.

Looking for ways to balance work and outside life can also help improve morale, and employees who look for ways to make the best out of their situations are often the happiest both when it comes to job satisfaction, their individual career development and life in general.

Creating a strong office culture can eliminate or at least minimise many issues from the start.

Employees who are empowered, passionate about their work and are positive in their outlook will be the example for others to follow, as they will be focused on the tasks at hand, looking for the positives, and trying to avoid resentment and constant comparisons.

Are you ready to reap the rewards from having focused driven employees who are passionate about where they and the company are heading?

Not sure where to start?

Then check out the many resources on this website.

Until next time…..

Be well and remember to make each day meaningful, memorable and magical………..and never, ever, ever stop dancing!

With Love & Gratitude
Karen Chaston.
​

 

7 March, 2017/by Karen Chaston
https://karenchaston.com/wp-content/uploads/2019/06/spending-your-day-38829167-s_1.jpg 227 227 Karen Chaston https://karenchaston.com/wp-content/uploads/2021/02/Karen-Chaston-320_70-1.png Karen Chaston2017-03-07 09:33:222019-06-18 10:36:46How Are you Spending Your Day?

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