WHY YOU MUSTN’T IGNORE THE VIRTUAL WORKPLACE

Rising employee turnover remains a significant challenge for Australian businesses. Every time a resignation letter lands on your desk, it will cost you up to 150% of the vacant position’s annual salary to restaff the role. That comes in the form of recruitment and advertising expenses, as well as training costs and lost productivity as your new employee finds their feet.

But this is an issue that runs much deeper than your balance sheet. After eight years of operation, my company has retained a remarkable 61% of our original staff. This is one of my proudest achievements, and I believe it’s a significant contributing factor to our success.

Our high staff retention rate gives our business a strong foundation of stability. Employees who are here for long haul are able to build long-term relationships with our clients, and each other. This ensures that we can not only deliver a consistently high level of client service, but has also has allowed us to build strong internal teams and work processes that keep us on track and performing across every level of the organisation. Read more

Ruth Mackay - Dynamic Business - 17 Nov 2017