Hiring: Reduce excessive and costly turnover mistakes

Some turnover of employees is inevitable, and even healthy (10 to 20 percent). Too much is costly, disruptive and bad for morale. Monitor and track your turnover. When it changes, ask why. Look for patterns. Are you losing your best people? Are your compensation and benefits competitive? Conduct exit interviews and learn about your organization from them.

Pre-emptive actions are the most effective to maintain a healthy and realistic employee turnover rate. Once an employee has it in their mind to head out the door, it most likely is too late. Watch for early warning signs and take action early to retain your valuable employees.

Related Best Practices

• Employee Retention
• How to be a Mentor

Author

The author of this page is Terry Gardiner

Terry Gardiner is the founder and President of Silver Lining Seafoods and NorQuest Seafoods - a medium-size Alaska seafood processing company; and currently a Board member of the Anvil Corporation, an employee-owned company specializing in oil and gas engineering.

His co-operative experiences include member director of the Commercial Fishermen Co-operative association; creation of legislation for the Alaska Commercial Fishing and Agriculture Bank; and advisor to the US Dept of Health and Social Services for the state Health CO-OPs.

Terry served ten years as a member of the Alaska House of Representatives -several legislative committee chairmanships, Speaker of the House, Chairman of the Alaska Criminal Code Commission and board member on various state and federal boards and commissions.

His non-profit experiences include National Policy Director for the Small Business Majority in Washington DC; working with the Herndon Alliance and ForTerra.

Terry authored the leadership book, "Six-Word Lessons to Build Effective Leaders: 100 Lessons to Equip Your People to Create Winning Organizations".

For more check: Terry Gardiner Long bio