Every business needs to focus on sales growth and business development. These activities increase revenue and are directly tied to profitability. Atlantic Canada is full of exciting businesses with unlimited possibilities and growth potential. We see it every day.
High turnover impacts company performance. Turnover is unavoidable, but reducing turnover has a direct impact on increased sales and revenue growth.
According to a survey by the Society for Human Resource Management, replacing an employee might cost anywhere between 50% and 200% of their annual income.
We live in a highly “relationship based” world. Relationships are important in life just as much as they are in business. Relationships and opportunities with existing customers disappear when employees move on. More turnover also means higher training costs.
There are a number of reasons for employee turnover, but Poor Management is among the top of the list.
Poor managers who lack people and/or management skills can quickly impact the work ethic and morale of those around them. Other reasons for turnover?
- Remuneration
- Opportunities for training and growth
- Job satisfaction
- Work-life balance
- Workplace Culture
According to a LinkedIn study, providing employees with opportunities for learning and growth can reduce their likelihood of leaving the company by as much as 80%.
Understanding and managing the correlation between employee and sales turnover is vital to maintaining peak performance in sales and business development.
This is where HR Project Partners steps in. We provide Leadership Training and Personality Profiling to help your leaders be more successful. We call it HR 3.0.
We aren’t just a recruitment agency. We provide smart staffing solutions and HR consulting services to companies throughout Atlantic Canada.
