When you’re a small business owner or entrepreneur, there are many reasons why an infusion of fresh talent can be a big boost. New employees bring different skills and unique perspectives, and they can introduce a lot of enthusiasm into your operations. However, there are situations in which too many new hires can actually be a sign of trouble. If your enterprise is in a never-ending cycle of losing staff and bringing on new people, chances are you have some major problems as an organization.
High employee turnover is often a sign of a toxic workplace culture, poor compensation packages, and/or substandard hiring practices. The impact of constant turbulence in your workforce is both immediate and long-term. Not only do you lose time and resources by continually training new team members, but you create an environment in which workers are less motivated and consistently on-edge about their own status. Before you know it, your company has a reputation for being a bad place to work, and that only makes the process of adding new personnel all the more difficult.
Fortunately, there are some steps you can take to fight high turnover rates. One of the most important strategies is establishing a strong sense of identity. When you clearly define your business’s values and goals, it’s much easier to achieve buy-in from your staff. Another promising approach is to outsource your recruitment processes. An independent firm may be able to steer you in the direction of candidates who will be a better fit for your organization.
Adding fresh faces to your establishment can be a gamechanger, especially if you’re looking for an edge over your larger competitors. However, too many personnel changes could put you and your company in danger. For more advice on combatting excessive employee turnover, take a look at the accompanying infographic.
Author bio: Pam Verhoff is President of Advanced RPO, a talent acquisition company in Chicago, IL. Verhoff has extensive experience in building RPO businesses and solutions, as well as developing a growth strategy.
Courtesy Of Advanced RPO