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Why Turnover Will Always Be a Cost of Doing Business
Written by Buddy Hobart on September 18th, 2009
Recently, I’ve shared a few thoughts from Herb on hiring Gen Y, and including Gen Y in everyday business activities. Below are some of his additional thoughts on recruitment and retention, specifically in regards to turnover:
“Even if you achieve the culture that accepts Gen Y and promotes their full integration and you have aware managers who are promoting good recruitment and retention practices, you are still going to have more turnover today than you did with other generations. Therefore, it is important to have an accurate assessment when someone leaves the organization as to the reason why, and it has to be built into the regular cost of doing business. You can improve your retention, but at no time, especially at this point in history, will you be able to achieve perfect retention. Expecting otherwise, is unrealistic.”
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