09/02/2021

Create an Organizational Culture That Helps Retain Staff

Job searches are time-consuming and expensive, too

The news is filled with articles about “The Great Resignation” and other catchy phrases alluding to the fact that employees are leaving organizations at an alarming rate. It’s imperative that your association retain its best employees in order to be successful and achieve its goals.

In addition, keep in mind that the costs of turnover are significant. Gallup estimates that a 100-person organization that provides an average salary of $50,000 could have turnover and replacement costs of approximately $660,000 to $2.6 million per year. For most associations, that’s a hit to the bottom line that we don’t want to take.

Additionally, a new Gallup analysis finds that 48 percent of America’s working population is actively job searching or watching for opportunities. Businesses are facing a staggeringly high quit rate—3.6 million Americans resigned in May alone—and a record-high number of unfilled positions. If you’re actively recruiting for positions within your own teams, you know how difficult it is to find qualified talent in today’s labor market.

Please select this link to read the complete article from ASAE's Center for Association Leadership.