Ann Kuss - Minimizing Turnover's Financial and Psychological Costs

Send us a text Ann Kuss, CEO of Outstaff Your Team, joins us this episode to discuss common causes for employee turnover in organizations, the impact it has on remaining team members, and strategies to reduce turnover while managing its stress on the team.  [0:00] Introduction Welcome, Ann! Today’s Topic: Minimizing Turnover’s Financial and Psychological Costs [5:16] What are the most frequent causes for turnover in the tech industry? Why limited growth opportunities often cause for turnover Gender difference in resignation patterns [13:07] What are the financial and psychological costs of turnover? Loss of institutional knowledge and team cohesion Measuring productivity losses from employee departures [23:11] What are some effective retention strategies that can reduce turnover? Building an adaptable retention system Keeping employees engaged and interested through meaningful challenges [31:22] Closing Thanks for listening! Quick Quote “Sometimes employees are not looking for that next-level thing, and from a manager’s perspective, getting them unstuck can be a challenge.” Resources: Outstaff Your Team Contact:Ann's LinkedInDavid's LinkedInDwight's LinkedInPodcast Manager: Karissa HarrisEmail us!Production by Affogato Media To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media