Channel Eye has joined forces with Royston Guest, leading Business Growth Coach and CEO/Founder of Pathways Global, in our column, ‘Ask the Business Coach’
One of the highest costs associated with people attrition is the recruitment, induction, and training of a new employee following the departure of an existing one. Though some attrition is unavoidable, it should be a priority to retain your best people for your business to grow.
The big three takeaways!
- Non-monetary rewards are becoming key differentiators
- The small things can make a big difference
- Consider how you’re setting yourself up as an employer of choice
- [1.45] People have a thirst to grow and develop; consider giving your people a personal development budget.
- [2.20] I know clients who provide cleaners if their people put in long hours or pay for a creche place for their children.
- [2.50] Consider your broader employee proposition and how you’re setting yourself up as an employer of choice. Non-monetary rewards are becoming key differentiators, highly valued by employees. These include relocation services, career development, choice of location, and an improved work-life balance through flexibility with hours and days of working, allowing time to spend with children, attend school functions, and sports days.
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