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.” 

Tune in to the full conversation here. 

Our last interview in the series is approaching. In the next podcast (August 31), we share our interview with a compensation expert who started her career with the Hallmark Card organization. We discuss trends in compensation, salary negotiations, and compensation myths.

Fun in Halifax (CANADA)

One of my favorite social events is the dinner party. This week I enjoyed a fun break to the work week at my home in Halifax (CANADA). Here is a photo of me (in the middle) with my daughter, Brenna to your left, and friends Samantha (far left), Taylor and Sarah (the right). I served the girls' favorite, homemade spring roles (thank you, Brenna) mac & cheese, BBQ, and frozen lemon squares.

One of the few benefits of the pandemic is remote work. The girls are visiting Brenna from Waterloo, Ontario (CANADA) enjoying a work holiday in Halifax. It's beautiful here this time of year and our tourist season remains in full bloom up until late September. 

The 90-Day Brand Offer

In addition to supporting our corporate clients, we work with private clients one-on-one. Explore our 90-Day Brand program here.

Thank you for sharing your day with me, and enjoy the rest of your week!

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Westgate is a 100% independent firm.

Maureen is a performance optimization coach and personal branding strategist for next-level executives and board nominees.

Westgate Executive Branding and Career Consulting Inc. would like to acknowledge that we are located in Mi'kma'ki, the ancestral and unceded territory of the Mi'kmaq People. We are all Treaty people.