If you're a business leader who's struggling with a board or team relationship, or if you are a CEO who is planning to resign, you’re not
alone.
Employee Turnover
From the Harvard Business Review:
"According to Gartner, the pace of employee turnover is forecast to be 50% - 75% higher than companies have experienced previously, and the issue is compounded by it taking 18% longer to fill roles than pre-pandemic.
Increasingly squeezed managers are spending time they don’t have searching for new recruits in an expensive and competitive market. Unless efforts are refocused on retention, managers will be unable to drive performance and affect change. Leaders need to take action to enable their managers to keep their talent while still being able to deliver on
results."
Our Career Mastery Series
Maddison (our Digital Marketing Manager and Podcast Producer) and I (CEO/Founder) examined more than 280 client scenarios from the last 24 months and through our Career Mastery series, offer themes, concerns, and everyday experiences of the global C-Suite (anonymized to protect confidentiality), from leaders of family offices, private equity portfolio
companies, and public corporations.
Here’s a snippet from our conversation:
“If you imagine the cost of
recruiting, let's say a CXO, it’s going to be exponential, and regardless of the value to the organization, there is still going to be significant disruptions. And when we can eliminate the termination or the resignation option, then we've just created a tremendous return on investment for doing so. The opportunity cost of not dealing with simple miscommunications can border into the hundreds of thousands of dollars (millions in some cases) in costs.
Decisions are made faster, there's more proactive communication, there's a speed to decision making so we're saving time by optimizing communication because we are not avoiding issues and people on the team.”
