Employee Loyalty part deux
February 27th, 2008 by Sam Simon. Posted in Construction Business Podcast, Employee MattersThe culture you create within your business is one of the most important determining factors of how a business can retain employees. What’s the culture you’ve created? By providing a situation in which all employees have a stake in the success or failure of a business you will develop loyalties from your employees who will ride out the good and bad times with you.
Ty Freyvogel discusses how to implement this environment in your construction business and how it will have lasting effects in the second part of this two-part podcast.
February 28th, 2008 at 9:14 am
Nice podcast Sam and Ty. Businesses don’t often spend enough time quantifying the cost of replacing/training new workers, i.e. turnover costs or “the cost of non-loyalty”. If they would, Ty’s recommendations would have even more meaning and impact. Loyalty is what drives successful enterprises. Ask Warren Buffett how many managers from his acquired companies have left to pursue their dreams with their new found riches? Answer. None.