It’s a sobering thought that losing a fee earner with a $150,000 salary could easily cost your firm $600,000 in lost revenues, recruitment expenses, training and induction costs, and management time.
Retaining quality employees is certainly the more profitable option, but don’t rely on a pay rise to prevent a resignation. Statistically, a person who expresses a wish to leave will do so within 6 months, regardless of salary.
We can help you develop retention techniques and employment policies to reduce staff attrition. Key to this is ensuring you recruit the right people in the first place: candidates whose goals you can satisfy mid to long term, who have the right cultural “fit” and of course, are properly motivated.
It starts with an analysis of your organisation and how it operates – from the viewpoint of an experienced consultancy that will give you an objective appraisal of your current policies.