IMPACT: LEADERSHIP ULTIMATELY CONTRIBUTES 30% TO YOUR BOTTOM LINE8
Thriving organizations are created through effective leadership. When engaged employees work in a thriving culture, your organization will be poised to make significant and sustainable impact on your bottom line.
You are participating in the talent war. Even in a responding economy, securing and retaining top talent is intensely competitive and organizations that take a passive approach will quickly find themselves left in the dust. The inability to retain talent comes with a cost.
% OF SALARY TO TRAIN REPLACEMENTS
When disengaged employees exit, it costs the company up to 48% – 61% of the position’s salary to train replacements.9
If you lack a thriving culture, your ability to attract top talent is burdened. The inability to hire talent comes at a cost. Mediocre talent attracts a similar level of talent and feeds a cycle of mediocre production results.
THE COST OF HIRING MEDIOCRE TALENT:
- Time Drain on managers
- Reduction in morale
- Loss of reputation
An engaged workforce is the result of strong culture and great leadership working hand in hand to attract and retain top talent. The way to attracting and retaining top talent is through a thriving culture. A thriving culture is a direct result of an engaged workforce. An engaged workforce is the way to extraordinary impacts to the overall growth of an organization and bottom-line profits.
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