Why 100% Employee Retention Should Not Be Your Goal with Jason Weinstein
May 11, 2023My husband Jason joins me on the show to discuss the topic of employee retention. We explore why having 100% employee retention may not be positive for a business. We then discuss some tips on how to fill new roles as a business evolves, ensuring that the right talent is identified and cultivated for the organization's needs.
For those feeling discouraged by employee turnover, Jason provides some valuable advice on learning from the experience and how to diagnose the problem.
Whether you're an employee, manager, or business owner, I hope this episode provides valuable insights on creating a positive and productive workplace culture while navigating the challenges of employee retention.
The key takeaways from this episode are:
1. Employee retention is not always a positive thing for a business, and having 100% employee retention can actually have negative consequences.
2. To fill new roles as a business evolves, it's important to identify and cultivate the right talent for the organization's needs.
3. If a business is experiencing high employee turnover, it's important to diagnose the problem and learn from the experience in order to make improvements to the workplace culture.
What you'll hear in this episode:
[1:10] Why is 100% employee retention a bad thing?
[3:15] How do you fill roles as your business evolves and roles change?
[5:20] Jason provides some advice if you feel discouraged because employees are leaving.
[10:00] What are some of the benefits of having employee referrals?
[11:55] How do you diagnose the problem if you have high employee turnover?
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Resources:
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
