Why Use Our Service?
The cost of employee attrition can be up to 1.5 times their annual salary according to the Australian HR Institute.
Not only does it include the direct costs of recruitment and training, but also the indirect costs such as:
- loss of knowledge and revenue;
- drop in productivity and service levels;
- team members being stretched to fill the gap whilst you’re recruiting;
- time spent training the new starter, taking away from team member’s own work;
- new hires not being as productive as the person they’re replacing, taking up to 6 months to get to the same level; and
- the negative impact on the remaining team’s morale.
Fortunately, we can help reduce the impact to your bottom line.
Occasionally, you will lose an employee. To avoid also losing the knowledge they take with them, we can help transfer their knowledge to your processes and efficiencies, before it’s too late.
There is also no shortage of research on the positive effects of a great work culture. Studies performed by Deloitte and Harvard Business Review on businesses who focus on “People-First Cultures” have found:
- 9 out of 10 people are willing to give up 23% of their entire future earnings in exchange for doing work with greater meaning
- 92% more likely to develop novel products and processes
- 41% lower absenteeism
- 31% lower voluntary turnover
- 30% improved customer satisfaction
- 26% fewer mistakes
- 22% higher productivity
- 21% more profitable businesses
There is no shortage of research on the positive effects of a great work culture. Studies performed by Deloitte and Harvard Business Review on businesses who focus on “People-First Cultures” have found:
- 9 out of 10 people are willing to give up 23% of their entire future earnings in exchange for doing work with greater meaning
- 92% more likely to develop novel products and processes
- 41% lower absenteeism
- 31% lower voluntary turnover
- 30% improved customer satisfaction
- 26% fewer mistakes
- 22% higher productivity
- 21% more profitable businesses
Did you know that companies with an excellent work culture outperform their competitors by nearly double? Study performed by Great Places to Work
Gallup is a World leader in science-backed surveys for measuring employee engagement. Their latest poll indicates that an astounding 68% of workers are disengaged as they don’t feel cared about or don’t have opportunities to develop.
Further studies have suggested that one actively disengaged employee will cost your business 34% of their salary. As an example, if their annual salary is $60,000, they will cost your business $20,400 every year. Can you afford to throw that sort of money away?
How Engaging Culture can help
- Increase your reputation as an employer of choice to attract high quality talent
- Reduce attrition saving you recruitment costs, loss of productivity and loss of knowledge
- Save on the cost of absenteeism
- Improve employee performance
- Improve quality of service
- Transform your employees to be innovative and engaged
- Improve business performance with streamlined processes and continuous improvement initiatives
- Give you time back in your day to focus on your business