article thumbnail

The Real Cost of Employee Attrition

The Center For Leadership Studies

When conducting a thoughtful analysis on the real costs of employee attrition, the first thing you need to wrap your head around is that all turnover is not created equal! All of that to say, the real costs of employee attrition emanate from Quadrant 4. Quadrant 4. Productivity. Good people are surrounded by good people!

article thumbnail

LeadershipNow 140: October 2023 Compilation

Leading Blog

by @suzimcalpine An Important Ingredient to High Performance by @AlanSteinJr Highly Effective Leadership Questions: Open-Ended vs. Closed-Ended by @KateNasser Tired of the Drama Storm?

Attrition 373
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leadership and Work Teams

Great Leadership By Dan

Guest post from Simon Mac Rory: If you work in an organization today as a leader you will lead a team. 90% of what we do in an organization happens through collaborative effort, making the team the most important production unit. In 2016 they termed this the ‘Rise of Teams’ and 2017 ‘The Organization of the Future – Arriving Now’.

Team 283
article thumbnail

Team Bonds Can Secure Loyalty Among Gig Workers

The Horizons Tracker

The high attrition rate among gig workers, such as over 60% of Uber drivers leaving the platform within the first six months, has led to problems of low engagement and employee retention. Additionally, drivers who were randomized into teams during the experiment earned 6% more revenue two weeks after the contest was over.

Loyalty 96
article thumbnail

Three Ways to Improve Retention on Your Team

Great Leadership By Dan

Guest post from Hilary Grosskopf : Managing a team can sometimes feels more like managing a revolving door. For organizations, attrition is an expensive issue that takes money away from impactful progress, innovation, employee benefits, and enjoyable team activities. Positive acknowledgement is a form of energy for team members.

Team 186
article thumbnail

Does Your Leadership Suffer From Proximity Bias?

Rich Gee Group

Clearly define goals and expectations for the team and regularly check in to ensure they are being met. Create opportunities for virtual team-building and encourage informal conversations to build camaraderie and foster a sense of belonging. Give more focus to the orphans on your team. Foster a sense of community.

Attrition 195
article thumbnail

Innovative Ways to Improve Employee Retention

HR Digest

The current competitive marketplace has made it a necessity for organizations to discover steps in managing attrition rates. Employee Retention Strategies to Decrease Staff Turnover Rates Employers need to focus on fostering a positive work environment as a step in managing attrition.