Benefits you will enjoy when we partner:
- Improved employee attendance
- Increased employee engagement
- A reduction in conflict among team members
- More free time for you
- Less stress for you which means you get more rest and a sound sleep
Facts About
High Employee Turnover Rates
Retaining employees is the most critical stage of an Employee Lifecycle
An employee lifecycle has 5 stages:
Stage 4, the retention stage is the most critical stage in an employee lifecycle because this is the stage where employees decide whether they will stay or not.
An employee lifecycle has 5 stages:
- Recruitment
- Onboarding
- Development
- Retention
- Exit
Stage 4, the retention stage is the most critical stage in an employee lifecycle because this is the stage where employees decide whether they will stay or not.
More Facts
Undervalued employees are 34% more likely to quit, a profit loss of $231,2000
An employee with a work-life balance is 10X more likely to stay, a profit gain of $136,000 or more a year
93% of employees stay longer when a company invests in their career, a profit loss of $632,400 a year
78% of business owners rank employee retention as "urgent", a profit loss of $530,400 a year
An employee with a work-life balance is 10X more likely to stay, a profit gain of $136,000 or more a year
93% of employees stay longer when a company invests in their career, a profit loss of $632,400 a year
78% of business owners rank employee retention as "urgent", a profit loss of $530,400 a year
Why you need a
Talent Management Consultant
If you do not have a retention plan in place or have one and don't know how to use it, you may be losing $20,000 or more per employee replacement as a business owner. This is 60-90 days’ worth of wages to replace just one employee including your salary as the owner. Sixty percent of employees hired, voluntarily quit a job within their first 3 months of employment. This is wasted money just from the hiring point. Reality is, just for 5 employees you are losing $100,000 to replace only 5 employees. If you are replacing more than 5 employees a year, you do the math times $20,000 at the least or you lost 20 employees through the year, that is a whopping $400,000 you lost in the year that resulted from employee separation. Through KG Consulting I equip you to keep your most valued employees and save you $100,000 or more to spend elsewhere outside your business where you can enjoy your business benefits instead of losing.
It’s your business. Only you can make the most of it.
It’s your business. Only you can make the most of it.