The Number One Problem Facing Business Today

from the Turning Good People Into Top Talent blog series

The number one problem facing business today is the loss of top talent. Ninety-one percent of Millennials—those workers born between 1980 and 2004—expect to stay in their current job fewer than three years. Companies can’t afford that kind of turnover.

Many studies show that the total cost of losing an employee can exceed 1.5 to 2 times their annual salary.

According to leadership expert Dõv Baron, “Vulnerability is the power that will generate loyalty in a Gen Y workforce and the hallmark of a courageous leader.” Baron adds, “This vulnerability is all the more important when it comes to connecting with employees through storytelling.  Facts and figures never create the kind of bonds that telling your story can and it’s only ‘Full Monty’ storytelling that builds meaningful relationships.”

Baron validates what other authorities have said – that trust and cohesive teams  are essential for attracting and retaining top talent.

Click on the following link to learn more about the Five Behaviors of a Cohesive Team process:

The Five Behaviors of a Cohesive Team

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