Invest in Team Members to Conquer Employee Turnover

Employee turnover will continue to have a significant impact on service businesses in 2023. In addition to the direct costs associated with recruiting and hiring, the disruption of replacing team members has a ripple effect that can slow your business, damage team morale, and reduce your company’s overall productivity and effectiveness.

An unpredictable economic climate and labor shortages have recently exacerbated these potentially costly disruptions.

The changing dynamic between applicants and employers compounds the urgency of the situation. Traditional roles in employment negotiations have shifted dramatically in recent years. The unprecedented demand for skilled workers gives job seekers powerful leverage. On the other hand, employers have less flexibility when it comes to hiring decisions.

Read the full article from BDR Head Coach and Trainer Chris Koch in HVACR Business!