12/09/2019
❓What is the ROI of Hiring❓
🌐Longevity a.k.a your ability to stay in business
I remember when I was an employee, my manager told me that my main job was to make him look good. Bcos my work will affect his work and his work will affect his managers work and so on.
At the end of the day, everything we did as an organization was to make sure the company makes money.
That’s how we get paid salaries. 💵
That very crucial advice I still remember to this day.
‼️But how do we translate that into our world as CEOs of our own companies?‼️
Can the same principle apply?
The answer is yes it can.
But there’s one more very important element that is a dealbreaker...
✅It’s our leadership style.
You see, when a co-worker leaves the company or department s/he works in, 70% of the time it’s because of the manager above them. 🙋🏻♂️
This applies to any organization that has a high attrition rate. You’ll find that, more often than not, they leave bcos of their relationship (or lack thereof) with the manger. 🤦🏻♀️
And that can usually be attributed to leadership style.
So what can you do as CEO, to stop your best hires from leaving? ⛔️
Simple answer is you can’t. ❌
I’ll be honest with you - unless you’re taking care of their whole world including their personal lives - you just can’t stop anyone from leaving. Because as this person grows older, their priorities change.
💑The 20something year old you hired who’s now 30 may want to get married and settle down and have kids. 👨👩👧👦
And if you’re not in any capacity to be able to provide for him/her at 30yo, give them your blessing and let them go. 🙏🏻
Because if you gave them an amazing work experience while they were working with you, who do you think is going to be the first person to recommend your company to the next potential hire?
🔉Especially in this age of social media, your employer brand (what employees say about you) will be a key factor in a potential candidate’s decision making process👀
So learn what your leadership style is and aim to improve that. Your ability to not only find good people to work with but have them stay longer with you will significantly improve.
And that leads to longevity in your business.💰💰