Beyond the monetary costs of losing and replacing an employee, there are other costs of attrition on your team. Working relationships, confidence in leadership, and employee satisfaction can all be negatively impacted by the termination or resignation of a coworker.
Employees are the most valuable asset in your company, and this math proves that out. Review the monetary cost of replacing an employee, including lost opportunity cost, recruiting costs, and employee onboarding.
Do you need help understanding the difference between good and bad metrics? How can you identify when you have the right metrics in place? Consider this goal-based approach to identifying and measuring the performance of your team.
Most job ads you find online are very bland. They describe who you're working for and what you'll be doing. Rarely do you find one that tells you why you're needed. Start with your organization's purpose to attract more people willing to achieve greatness.
New hire recruiting is one of the most important marketing investments you can make. Learn about the importance of selling your company to potential employees.
Learn how to identify positive feedback from customers, app store reviews, and other online posts as free marketing material for your product. Follow these tips to maximize the impact your promoters have on bringing you new users and paying customers.