The Real Cost of Employee Turnover
Employee turnover can be an unfortunate, routine aspect of business that can create a domino effect of negative effects. How can you avoid it?
The effects of a high employee turnover
Employee turnover has adverse effects on employee productivity, morale, company finances, and the overall success of an organization.
But what really is the true cost of this?
Well, losing skilled and trained employees disrupts a company’s operations, and here is how:
- Reduced productivity and efficiency
Loss of institutional knowledge is inevitable when an employee leaves.
Because new employees need training time, it results in decreased productivity during that transition period.
Turnover affects remaining employees with additional responsibilities and increased workloads, all leading to lowered efficiency.
This is how frequent turnover disrupts workflow, decreases productivity, and affects your organization’s success.
- Increased hiring and training costs
Organizations face a substantial increase in costs from employee turnover.
Recruitment efforts like advertising empty positions, interviewing, background checks, and drug screenings involve the company’s time and money.
Onboarding and training processes can be resource-intensive, usually requiring new training materials, mentorship programs, and managerial support.
Continually repeating the hiring and training process puts a strain on a company’s budget and its valuable resources.
- Hurts company culture and employee morale
Employee turnover can create a toxic cycle by damaging company culture and employee morale.
It can create the impression that a company is unstable or has internal issues, lessening employee loyalty and commitment.
Current employees could experience decreased job satisfaction, increased stress, and less trust in management.
This can create a toxic work culture, decreased collaboration, and little employee engagement.
- Customer service and client relationships
For most companies, strong client relationships are crucial. Employee turnover can have a serious impact on customer service.
Longtime employees build rapport, trust, and client knowledge with company stakeholders. When key employees leave, it can disrupt the client’s services and communication.
New hires will have to rebuild these connections. Building trust and understanding takes time which could lead to a dissatisfied client and possible loss of business.
- Decrease employee innovation
Innovation is lost within an organization when employees leave.
Skilled employees have industry knowledge, unique technical skills, and insights that contribute to success through new products, processes, and strategies.
After they leave, their valuable skills leave with them. This can slow an organization’s progress while adopting new ideas.
We have a solution.
ART On-Site Wellness is a long-term solution that pays for itself many times over, for many companies and organizations.
ART On-Site Wellness programs place an ART Elite Provider™ (EP) on-site at company facilities. Your EP visits on a weekly basis to treat employees dealing with soft-tissue pain or limited range of motion with ART treatment.
Treatment sessions are quick, lasting 15 minutes per employee.
What is ART treatment?
ART treatment is a non-invasive system that treats soft-tissue and nerve dysfunction at the source. This hands-on treatment combines provider touch, pressure, and tension with patient movement to pinpoint and treat the origin of the affected area.
ART commonly treats:
- Back pain
- Shoulder pain
- Foot pain
- Migraines + headaches
- Sciatic pain
- Carpal tunnel syndrome
- Hip pain
- Knee pain
- Sprains, strains + more
The benefits of ART On-Site Wellness
While it may seem like ART treatment is solely focused on soft-tissue treatment, the ripple effects are far-reaching. Here’s what this program will do for your company and employees:
- ART On-site Wellness is convenient for both employees and employers.
- Employees miss less work.
- Increased employee productivity and satisfaction.
- Quick and effective treatments.
- Providing free preventative care for employees.
- Decreased employee turnover rates.
- See reduced workers’ compensation costs and OSHA recordables.
- Save management’s time and resources.
Click here to read more about what this program has to offer.
Here is an example.
An employee is struggling to complete work-related tasks due to soft tissue pain.
This employee’s soft tissue pain could be linked to abnormalities in the intramuscular connective tissue, leading to restricted movement and muscle imbalances.
How does this affect the company?
The quality of work is declining and affecting the rest of the team by setting them back from reaching a collective quarterly goal.
And how would on-site ART treatment solve this?
With three to four quick treatment sessions, this employee could be back at it, performing better, and missing less work.
Ready to let ART treatment help?
From reduced productivity and increased costs to diminished employee morale and dissatisfied customers, the effects of a high employee turnover rate can halt your company’s success.
Ready to increase retention and create a positive work environment?
Take the next step by scheduling a quick call with the ART Sales Manager, Bradley Guye.