Employee Turnover Archives - Page 2 of 5

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.

How Much Does Pay Really Impact Employee Turnover?

June 6, 2022
Richard Finnegan
Articles

There is a perpetual perceived link between turnover and pay, especially in the eyes of first-line supervisors who see employees walk out the door and can’t imagine it’s because of themselves. Pay becomes a target in part because it is tangible…and always controversial.

Retention Priority: Highest-Pay or Highest-Turnover Positions?

April 11, 2022
Richard Finnegan
Articles

If we can safely presume high pay equals most essential, then there are at least 11 jobs in healthcare that are more important to retain than nurses who traditionally have a high rate of turnover. Yet these higher-paid workers almost never receive a Stay Interview or an assessment of their likelihood to stay.