Considering that it costs $30,000 to $100,000 or more to recruit a professional to executive employee, investing in high quality professional, leadership or team building services would be extremely wise IF it had a noticeable impact on:
- Strategic Employee Retention
- Absenteeism and other costs associated with employee mental and physical health
- Productivity and ENGAGEMENT
Several recent studies have looked at companies and managers who invest in these services for their employees and teams and have come up with some compelling results. For example, according to a recent Gallup Study
The data clearly show that within successful business units employees have clear expectations, close relationships, can see how what they do relates to something significant, and have an ongoing opportunity to contribute to that something significant while learning and growing as individuals. . Further, the behaviors that help to define these seemingly intangible perceptions can be discovered by studying the success within ones own organization.
Quoted from A Hard Look at Soft Numbers, by Curt Coffman and Jim Harter, Ph.D.
Success is defined as having notably HIGHER Profits, Productivity and Customer Satisfaction and LOWER Employee Turnover.
Click here for the full article www.passioninaction.org/hardlook.doc
Clearly, its worth the investment.
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