Employee Turnover Archives - Page 2 of 6

Preventing Surprise Resignations With Stay Interviews

April 18, 2023
Richard Finnegan
Articles

In a Forbes article, a manager shares the story of losing a top employee unexpectedly. The question arises as to why this happened, but by the time it's asked, it's already too late. This scenario is all too familiar for many managers who have experienced employees leaving without warning.

The Crucial Time of Day for Stay/Leave Decisions

April 3, 2023
Richard Finnegan
Articles

Two hours in the day matter more for turnover than any other hours of that day. Those two hours are the ones immediately after work ends, regardless of each employee’s schedule or shift. The hours when we review our day.

How Bad Managers Drive Turnover

March 28, 2023
Richard Finnegan
Articles

Is it just a coincidence that the worst managers usually blame their employee turnover on pay? Not enough staff? HR recruits ineffective workers? That leaders see employees’ reasons for leaving as every possible one but themselves? I think not.

Do Managers Create as Much Stress as Spouses?

March 7, 2023
Richard Finnegan
Articles

The answer is “yes”, according to a new SHRM study that covers the overall impact of managers on employees’ mental health.

Is Recruiting Today a Doom Loop for Tomorrow’s Turnover?

February 28, 2023
Richard Finnegan
Articles

What is the best two-word description for recruiting today? Doom Loop “a painful cycle of decline”. The recruiting doom loop can be overcome with proven smart retention practices.

CVS Waives the White Flag on Turnover

February 21, 2023
Richard Finnegan
Articles

Pharmacist Waives the White Flag on Turnover

CVS and Walmart announced last week they would cut pharmacy hours “in the midst of a pharmacist shortage.” There is a “canary in the coal mine” situation happening here.

Why “Lost Productivity” Is the Highest Turnover Cost

January 17, 2023
Richard Finnegan
Articles

This discussion should be especially interesting for anyone charged with reducing turnover. First, We Should be Calculating Turnover as Dollars Not Percentages Our company’s Finnegan’s Arrow model is the spine for each of our retention solutions. It’s the starting point…

Is “The Great Resignation” Over? CEO Survey Says…

October 10, 2022
Richard Finnegan
Articles

The Predictive Index asked over 200 CEOs “Do you believe “The Great Resignation” is over?” Their responses were shocking and conflicted mightily with the conclusions of many respected economists.

How Important is Turnover to Your CEO?

September 26, 2022
Richard Finnegan
Articles

How would your CEO rate employee turnover as a priority? “Very important” is easy to say…and easy to see. But the question is precisely how much does employee turnover impact every single aspect of our businesses? The answer to this question is critical because each organization determines how committed it is to cutting turnover.

Employee Retention Secret: Make Your CFO Your Best Friend

June 20, 2022
Richard Finnegan
Articles

A CFO participated in a turnover cost study, and we determined one engineer cost his company $121,450 – and how that fit in with other expenses. The next day that CFO said he couldn’t sleep, that he went in early to extrapolate numbers and determined turnover was their second biggest cost. A game changer.