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🎯 Key points for quick navigation: 00:00 *Employee turnover carries significant hidden costs impacting organizational profitability and long-term health.* 00:12 *The root causes of turnover are often related to basic human needs, job satisfaction, company culture, work-life balance, and relationships at work.* 00:53 *Lack of career development opportunities and poor company culture greatly affect employee morale and turnover.* 01:36 *To reduce turnover, focus on enhancing workplace culture and providing growth opportunities through structured hiring and performance management processes.* 03:23 *Hiring, onboarding, training, and performance management are key areas to address the turnover problem.* 03:36 *Opportunity costs from turnover can be extremely high, costing up to one to two and a half times an annual salary per hire.* 04:03 *Turnover leads to lost productivity during training and onboarding, affecting both new employees and their trainers.* 04:57 *Customer service role effectiveness impacts client retention and revenue, with potential losses in upselling opportunities.* 06:04 *Increased staffing costs arise when underperforming employees need replacement to maintain productivity levels.* 06:45 *Turnover results in productivity loss due to the time needed to replace and train new hires.* 07:14 *Sales roles highlight the potential revenue loss when targets are not hit due to turnover or poor hiring decisions.* 07:53 *Understand both hard and soft turnover costs to effectively tackle organizational turnover issues.* Made with HARPA AI

Great insights in this video. The tips on automating hiring are quite valuable. Recently, I found Myko Assistant helpful for quickly gathering candidate profiles and job postings by just sending an email. It really streamlines the process compared to other tools I've used.

I hope you take constructive criticism. Well. I think your video is very well done, however, I'm a busy person and there was a lot of unrelated stuff in the intro like Meta stuff on while you're making the video, how you found it, etc. I personally would like a video that cuts all that out and just tells me what I want to know " what are the effects of high turnover" hope you take this criticism well.

I had an interview for a job at a VA hospital, that I was more than qualified for. I was not considered for the job because at the end of the interview I could not answer the 5 question they asked about random things. I finally told them I cant answer your question because I dont even know what your are asking me. It doesn't matter about my college degrees my IQ or my experience. I wasn't hired because I could not answer random stupid questions. I think PBI is pathetic. Of course Lou is selling books so good for him!

Very helpful. Thank you!

So, the incel culture of tech gets perpetuated. Indoctrinated is such a great word! And since incels see women as inferior, they wouldn’t be “friends” with them anyway. So, referral based hiring has disparate impact in some industries, doesn’t it? That creates an EEOC liability, doesn’t it? Or maybe, employees don’t make it through their first year because it’s a hostile work environment? INCEL culture, but continue to blame the employees. I argue this is a chicken and egg problem. However, if that’s how they view the problem, is it somewhere I want to work anyway? Probably not! Repeating something often doesn’t make it true. And us out here in the fringes have time to complain about your video… but somehow still looking at work content! Which then debunks the next claim of laziness and “just not having what it takes.” Another example: Forced arbitration clauses. I took arbitration in college, I’m very, very good at it, and I would also prefer arbitration! The difference is, my employer needs a lawyer, the lawyer will have no idea I’m well versed in it, and have been accumulating evidence for my case since day one. Why have I been accumulating it? One of the primary benefits of arbitration is “privacy.” Nothing about arbitration is part of public record. So, while my background gets inspected prior to accepting a job, the employer’s background is conveniently hidden, and by forcing me to sign an arbitration clause, they are TELLING me, “If we do something wrong, we don’t want the public to hold us accountable. But if you do something wrong, we can put it on your employment record.” They are suspect simply by enforcing a double standard as a condition of employment, and not allowing me to inspect their history prior to agreeing to this double standard. I can fairly accurately predict the abusive MO’s employers use(often very similar to each other.) I smile EVERY time I see it. But, not one employer has known that about me, because they make assumptions, and seriously underutilize me as a resource. From a business perspective, that just boggles the mind! It’s painful to watch: I have no ill will toward anyone. There is a selfish component as well: won’t my employment be more secure if the company does well? Will they do well if they underutilize their resources? All in all, I know this practice is common. I just wonder if you have actually considered the premise of the arguments provided.

This isn't a fair hiring practice, it might work for some but it makes it extremely difficult for others to find employment. I know you don't care about the people that apply for your job. And I know you're only interested in finding workers but Hiring like this hurts a lot of people, especially people that come from backgrounds that are dissimilar to yours. It's also not fair to those who's personal network doesn't include people doing the type of work that someone might want to do. Networking for a job isn't an efficient or consistent way to find employment. You should seriously reconsider hiring applicants and stop being lazy by letting your employees refer their friends and family.

I like the repurpose for sales and marketing and is transferable. Alos, the authenticity and being real - leads to no surprise and much closer to an actual match (whether hiring or client attraction (sales). Thank you. This was very good and revived some of my old ideas and more!

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Good, employers dangled a better life (remote work) in front of us, just like the executive class has enjoyed for decades, but they stole it from us and our memory is very good, we will never forget what was foisted upon us.

Hello- yeah~breathtaking channel. Discovered,

Great insights on HR tech evolution and the power of storytelling in recruitment.

I love the concept of using storytelling in recruiting!

Insightful

I really enjoyed the video, The discussion on improving the hiring process was particularly interesting and helpful. Thank you!

So many of the most common mistakes were covered in this conversation. All the things leaders hate doing but are so critical to getting hiring right: 1. Gotta have mission and vision defined 2. Must take the time to create performance based job descriptions 3. Meet candidates where they are mobile social text friendly engagements 4. Use assessments, working interviews to make sure you have the right person 5. Lastly make sure you have a clear SMART training and onboarding plan for new hires or all those others efforts will be wasted

Great session! Especially appreciated the discussion on training vs. direct hiring.

"PromoSM"

Just watched and grabbed the free access. This tool's a game-changer for coaches. Thanks for sharing!

This is a great watch for those who want to up their recruiting game!

Excited to see how this transforms the recruitment game!

Great stuff! Never thought AI could transform hiring like this. This approach to skill testing is definitely going to make recruitment easier and more efficient.

Your content is GOLD. Keep it up!

Great insights from experts on managing risks and reducing WC costs! Simple yet impactful strategies - a must-watch for business owners. Thanks for this valuable content

good stuff

An enlightening masterclass! Understanding the significance of ethical social media background checks and integrity in the hiring process can indeed transform our workforce. Looking forward to incorporating these groundbreaking tools into our hiring strategy to improve quality and stability. Great job, Fletcher, T.J., and Gary! #HiringIntegrity #HRInnovation

Truly enlightening! The power of storytelling in recruitment is often overlooked. This video beautifully outlines how to effectively harness it to improve the candidate experience and attract top talent. Can't wait to implement these strategies in our hiring process. Thanks for sharing this treasure trove of knowledge! #RecruitmentStorytelling #HiringSuccess

What an informative and insightful session! Fletcher and Phil truly share a wealth of knowledge on HR and recruitment software. The practical strategies and insights they provide can definitely help any small or medium-sized businesses improve their hiring processes. I particularly appreciated the section on choosing the right SaaS tools and the challenges SMBs face in tech adoption. It’s eye-opening to see how these can be addressed to optimize business outcomes. I am excited to implement some of the tips shared in the video. Thanks for sharing such valuable content, and I'm looking forward to more such discussions!

Fantastic insights from Fletcher Wimbush and Phil Strazzulla! This video offers invaluable advice for optimizing HR and recruitment in SMBs. Can't wait to implement these expert strategies and watch our business flourish. #HRMastery #SMBRecruitment

Wow, this job description generator is a game-changer! No more struggling with dull and time-consuming job postings. Excited to try this tool and optimize our hiring process. Thanks for sharing!👍 #RevolutionaryHiring

What a great conversation! Thanks Fletcher and Rachel! I especially appreciated the emphasis on authenticity and the power of personal stories to make a real impact. Highly recommend this episode to anyone in HR or recruiting!

What an insightful and engaging webinar! Fletcher Wimbush and Rachel Kennedy did an excellent job of breaking down the importance of storytelling in employer branding and recruitment marketing. Their expertise truly shined through as they shared valuable strategies, techniques, and best practices for authentic storytelling. I particularly appreciated the focus on resonating with candidates and avoiding a salesy approach. This video is a must-watch for anyone looking to elevate their recruitment marketing strategy! Keep up the great work, Discovered Hiring team! 👏📚🚀 #StorytellingInRecruitment #DiscoveredHiring #EmployerBranding

Somewhere on the other side of TH-cam "How to pass interview using ChatGPT!". At the end we will be left with AI fighting AI lol.

I called in drunk tonight. Fk employers raw. At 54 and still working my ass off and being broke all the time im seriously ready to walk away from all of it. You can have it.

thanks

Very Informative. Thank You

I found in my experience that a mediocre employee can be improved by putting good rules and policies and fences around them. There’s a process to evaluate that. If you challenge most people in the right way, they want to prove that they can meet that challenge. We want people who are cognitive and aware of their surroundings and are thinking. So, If you are dealing with all the minutia of every step that they need to follow, then you’re enabling them to stay stupid.

Download Your Copy of Our Turnover Calculator HERE: ➡ www.preemploymentassessments.com/wp-content/uploads/2021/10/Cost-of-Hiring-Fillable-1.pdf ⬅

Great video

Yewkp

Anyone that got fired recently is by all means NO “hidden gem” unless you want your profits to NOSEDIVE!!

tic tac head

genze are stupider than s*** the purpose has not changed in 12,000 years make money get richer f*** the planet the planet does not need us to save it it will be here billions of years after all of us are dead from us killing ourselves and it's ridiculous for anyone to think otherwise

Helpful,ty

You have such an excellent yet useful content on this channel, and I deeply recommend you to higher the voice quality, and to use attractive content on shorts in order to grow your channel.

Great Info!

ρяσмσѕм 😬

Nice

Inhindi