“Removing Roadblocks on Your Path to Success”
The True Cost of Disengaged Employees.
According to a report by Gallup, 70% of American workers are disengaged from their work. These disengaged employees are more likely to leave your company and could end up costing your business thousands of dollars in unproductive work, job advertising and onboarding. Josh Bersin, Principal of Deloitte Consulting, states that the true cost of losing one of your disengaged employees does not just cost you the 1.5 to 2x their annual salary, but significantly more.
When you consider the actual cost of losing one of your employees, you have to factor in multiple variables. Think about it. When you lose an employee you now have the cost of hiring a new person, which includes advertising, interviewing, screening and hiring. Then you have to factor in the onboarding costs of training and management time. Sprinkle in the lost productivity and errors for 1-2 years to reach the same skills and experience as your lost employee. Add a dash of impact to your culture and negative engagement since other employees will wonder why he/she left and begin to disengage themselves. And most importantly, consider this: Employees are “appreciating assets”, meaning that the longer they stay with your organization the more productive they get as they learn different business systems and processes.
With this in mind, do you think you’re doing enough to increase the retention and keep your employees actively engaged with their work? Check out these tips on how to increase employee retention, and check out the Pacific Crest Group Blog for more advice on increasing engagement at your workplace.
On another exciting note, we are officially moving. Yes, you read that right. Pacific Crest Group is officially moving its headquarters to…
810 5th Avenue, Suite 200
San Rafael, CA 94901
What this means is that you can still expect the same great services you know and love us for, but now get the convenience of being able to chow down at Marin County’s famous Sol Food if you ever stop by to visit.
Hope you have a great week!
Until next month, we wish you the very best and much success in your business.
March 2011 Newsletter
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