EP #245 Positive Turnover
Turnover can be good.
It can also be bad. You have to be careful how to initiate, prevent, and handle it.
I find that the best companies do all of these well. There are a lot of things you can do to affect change in your organization so it’s best to focus on individual situations.
This episode is about when and where to push and pull.
Ask yourself the question, “Who does this turnover benefit and who does it hurt?”, before making any decisions.
Turnovers in sports are bad for one team and good for the other. It can be the same way for different people on your team.
Have a generous rest of your week. 😀
What You'll Learn in Today's Episode:
What a turnover is
How businesses want turnover
How businesses don’t like turnover
How leaders handle turnover
Why you can’t fill roles with the wrong people
An honest assessment on what to do when someone needs to leave your company
How animosity can develop in turnover
About the chances of sabotage in your business
How a “punch” might force (a) turnover
About the terrible message a turnover “save” sends
Why to not put people in an awkward position
About outplacement services
How most turnover can be good in your company
Quotes Worth Sharing:
“Don’t’ turn it over.” - Bob DePasquale
“‘Maybe there’s a legitimate reason for them leaving he company.” - Bob DePasquale
“It’s not necessarily horrible that there is turnover in your business.” - Bob DePasquale
“Part of your role as a leader is helping people leave your business.” - Bob DePasquale
“You are helping them be a better leader themselves.” - Bob DePasquale
“I have seen people put into roles they shouldn’t have.” - Bob DePasquale
“You want to make sure as a good leader that you’re not applying anyone style of leadership to every person.” - Bob DePasquale
“Think about how turnover will affect different scenarios.” - Bob DePasquale
“There’s a non-zero chance that someone will try to sabotage your business.” - Bob DePasquale
“Always make sure that you’re compensating your people well.” - Bob DePasquale
“It’s not just about how you’re going to treat them to get them in the door.” - Bob DePasquale
“The vast majority of turnover is the good time.” - Bob DePasquale speaking about the best companies
Resources From Today's Episode:
My LinkedIn post about this episode
My Book - Personal Finance in a Public World
Related Episodes: