By now, you’re probably well-aware of the Great Resignation, impacting a significant portion of our workforce in a post-pandemic world. As the young professional (“YoPro”) expert, I’m here to break down the 21-39 year olds at your businesses who might be leaving and how you can engage and retain them, ultimately resulting in your company's success.
YoPro turnover costs American companies $30.5 billion a year, according to Gallup’s article on Millennials: The Job-Hopping Generation. An even harder pill to swallow? It takes 33% of a worker’s annual salary to replace just one employee, according to Employee Benefit News.
Not only does YoPro turnover cost your company money, it also impacts your time, energy, and overall company culture. Our research shows that companies with lower turnover rates experience improved culture, productivity, and work environment.
Before you spend another minute not focusing on this important issue we are all facing during the Great Resignation, ask yourself these questions:
Are the young professionals at my business engaged?
Do we have a clear communication and onboarding for young professionals specifically?
Are the YoPros at my business given opportunities to grow?
If you answer no to any of these questions, it's time for you to start putting in the work to improve your YoPro retention and stop costing your business more than just money.
You can read the full article featured in Upstate Business Journal in December here.
Did you like this week's post? Then you might like these posts below!
Why YoPro Burnout Equals Turnover
How To Keep YoPros Engaged In The Workforce
For innovative organizations seeking to hire, engage and retain YoPros, our consulting and coaching arm will partner with you to create a captivating culture where prime candidates thrive long term. Once vetted, we will enthusiastically promote you among our network of thousands of top-tier YoPro’s seeking to join enlightened ventures like yours. Interested in learning more? Book your free 15-minute consultation with me here.