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Talent replacement costs more than $$$. Did you know that?


The cost of employee turnover has a financial cost, but the intrinsic cost can be even greater. I believe that if you put people first your results will follow. There are simple solutions that you can put in place to reduce turnover and engage with employees.
With a holistic approach, we can hit on areas that employees crave, create pride and be known as an employer of choice. Not only will this reduce your turn & costs, you will recruit & retain a higher level of talent and outperform your market.
 
 
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Having a hard time stopping the employee revolving door?


Unfortunately, many companies have high turnover. I have seen this time and time again. Employee satisfaction is one of the first things that I look at to set a company up for success. Have you been paying attention to key indicators that your employees value in choosing and staying at a place of employment? In this video you will learn some of the common areas that cause employee turnover. Let's engage our team members and reduce turnover.

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5 Simple Ways to Show Employee Appreciation

5 Simple Ways to Show Employee Appreciation
In the multifamily industry, resident retention is on everyone’s mind. What about employee retention, though? It’s equally as important to gauge how your staff feels about the company and managers that they are working for every day. After all, your employees are representing your brand, and it’s important that they have a positive outlook toward the company. In return, their sentiment will make a great impression on residents and prospects within the community.  There are a variety of ways to build employee morale and show them how much you value their hard work. It doesn’t require an endless supply of money to show appreciation – in fact, there are many thoughtful ways to reward your employees without breaking the bank on material objects. Here are a few ideas that you might consider:  1. Flexibility. Life doesn’t always go as planned, and sometimes there are children to care for, family activities, or even life-changing events such as weddings or the birth of a new child. By offering your hard-working employees a bit of flexibility, they will see that you value their life outside of the office, too.  2. A free meal or cup of joe. It’s true that food is the way to the heart – a meal is a hospitable way to show how much you appreciate the efforts of your leasing staff. Breakfast foods tend to be more cost-effective, or consider hosting a potluck – supply the main dish and ask each of your staff to contribute one side dish or dessert. A cup of coffee c......
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LOW HANGING FRUIT - THE OPPORTUNITIES YOU CAN'T AFFORD TO MISS

LOW HANGING FRUIT - THE OPPORTUNITIES YOU CAN'T AFFORD TO MISS
I was discussing employee development strategies with the leaders of an organization and my first question was "what are you doing to recognize your employees?" The answer was "They get a ten-year plaque, but they have to wait awhile to get it!" while nervous chuckles from the group of executives ensued. The giggles were not at all in the face of those poor employees who were toiling away for ten years before they received any recognition from their company... they were nervous giggles that said "we know we need to do more." Yes. But not much more needs to be done to make an impact. Consider the low-hanging fruit that can help perpetuate a culture of inclusiveness and dedication. A one-year generic plaque with a letter from the top guys- you know... the guys they see in their orientation materials? All it needs to relay is "we recognize that you have been here a year and thank you." A three-year plaque - this time with their name engraved - and another letter from those same guys stating that they understand three years is a long time and that thanks them for their dedication. $25 gift certificate to anywhere for submitting a great idea or implementing a best practice. Have contests to let your employees decide the name/theme/location of an event and announce the winner publicly. Company newsletters are easy and inexpensive to produce (consider electronic media) but can be instrumental in airing public recognition of good deeds, community service, marriages &......
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