Wednesday, April 28, 2010

Talent and Turnover

In the spirit of Jeff Foxworthy’s “you might be a redneck…”

If a large number of employees leave your company in a recession to double their salary, you might have a problem.

If in a company meeting the suggestion “you need to pay your employees more” is posed, you might have a problem.

If you turn your talent faster than you turn your inventory, you might have a problem.

If an employee who has been at your company two years is considering ‘been here forever,’ you might have a problem.

If your employees are asking other employees to review their resumes, you might have a problem.

If every few months you have a mass exodus, you might have a problem.

…unless if for some reason churn is part of your strategy... in which case I would love to know the reasoning behind the strategy.

What is a reasonable rate of employee turnover in a recession? How about a stable economy? What is a reasonable salary increase in changing companies?

4 comments:

  1. Sandi,
    I just came across this blog and read the above post. How very interesting... I couldn't help but smirk as I went down the list...
    BL

    ReplyDelete
  2. Yes B - I am sure you recognized most if not all items on the list. Would be more funny if it wasn't so sad. =)

    ReplyDelete
  3. This is funny and sad all at once.

    ReplyDelete