“If you wonder what getting and keeping the right employees has to do with getting and keeping the right customers, the answer is Everything”.
Frederick F Reichheld ~ Author of “The Loyalty Effect”.
Multiples of the salary it costs to replace
Increased profits earned by a Business halving
Employees likely to leave employment within two years
An estimate of up to what replacing one employee can cost
The true cash-flow consequences of employee turnover far exceed most managers’ intuitive estimates
Frederick F Reichhold - Author of “The Loyalty Effect"
“…the client could increase profits 50%
by cutting [employee] turnover in half.”
“…found that the top third in employee retention was also the top third in productivity, with 22% higher sales per employee than the bottom third”
“Stores with ‘low’ employee turnover had profit margins more than 50% higher than stores with high employee turnover”
Recognising performance with a rewards program is great way to continuously motivate
employees and engage with them to achieve goals.
Happy Employees :)
A happy employee is a long-term employee which also keeps your staff turnover low.
They are also more likely to promote your brand in a
The Bottom Line is that Employee Loyalty is Directly Related To Company Profits.