A Giant Money Pit: Employee Turnover

Kyle Roed is Global HR Manager for CPM Holdings, based in Waterloo, Iowa. He discusses the massive costs of team member turnover. How can you start to measure these often unrecognized, un-reported, and siloed costs, both financial and cultural? How can you minimize them? What are some top strategies to retain top human capital talent? Are you asking the basic questions? Do you conduct 'stay interviews' in addition to exit interviews? Does your human resources department have operational and business clout to help with solutions? 

EPISODE RESOURCES:

• Kyle's LinkedIn
• CPM Holdings
• Kyle's Rebel HR Podcast
• SHRM eLearning
• SHRM Article:  “To Have and To Hold” 
• Bill Conerly Article in Forbes: "Dollar Cost of Employee Turnover"
• US Bureau of Labor, Recent Data
• Gallup Article: "Fixable Problem Costs Businesses a Trillion"

Brain Chatter, a podcast where we listen past the daily noise and explore topics at the intersection of leadership, workplace culture, profit, and sustainability.