By Larry Hannappel
When an employee quits, it’s bad, right? Well, not always.
But as an experienced staffing agency, Apprentice Personnel knows that the topic of “employee turnover” is almost always discussed in a negative light. After all, what manager really wants to deal with all the ins and outs, and ups and downs, of the recruiting and hiring process?
Let’s face it, though. Sometimes turnover is just plain good.
For instance, an employee may have lost enthusiasm or motivation within their position. Or perhaps they’ve outgrown the company in other ways. Whatever the case, they’re disengaged … and them leaving is a positive for your company.
Another instance in which turnover is a good thing is when a low performer or someone with a bad attitude leaves. Even better, when they quit and gain employment with one of your competitors.
Some benefits of this kind of turnover include the opportunity to introduce fresh, new talent into the company. This can re-invigorate productivity and bring new life to your team. In addition, in some cases, turnover can also lead to cost savings when you hire a less-experienced professional to replace a more experienced one.
Clearly, you’re not going to be pleased when you lose a mission critical member of the team to the competition. Or when a key senior member, who seems irreplaceable, decides to retire.
The bottom line, though, is that the issue of turnover is complex. It’s not all good … or all bad either. So rather than focusing your retention efforts on retaining all employees, focus them on retaining key employees instead. Those are the people who are difficult and costly to replace, so you’ll be better off in the long run.
Need help replacing a key member of your team?
If you do, then give Apprentice Personnel a call. We have an extensive network of highly skilled and dependable professionals, ready to go to work and contribute in a positive way to your bottom line. Contact Apprentice Personnel today to learn more.
About the Author
Larry spent 16 years with Century Casino’s and was instrumental in the start-up and growth of the company through expansions in Canada, South Africa, the Czech Republic, Poland and on several cruise ships as well as in Colorado. He was most recently the SVP, Principal Finance Officer and COO of North American operations for Century Casinos Inc., a multinational, Nasdaq-traded gaming company. Earlier in his career, Larry worked at the Johns Manville Corp. Larry spent 13 years in various accounting and finance functions in the company’s fiberglass manufacturing division and was key in the start-up of a molding plant in Indiana. Larry and his wife Kathy and three children live in Colorado. He enjoys four-wheeling, motorcycling, golfing, skiing and brewing beer.