Description

In this episode of the Blue Collar Wealth Club podcast, the hosts discuss the topic of employee turnover and how to navigate it. They emphasize the inevitability of turnover and the need to make it as easy as possible on oneself. They explore reasons for turnover, such as employees not being the right fit or their work starting to fall off. They also discuss the importance of having conversations with employees and using non-solicitation agreements to protect the business. The hosts highlight the significance of valuing and appreciating employees, creating a positive work culture, and aligning employee goals with company goals to reduce turnover.

Takeaways

• Employee turnover is inevitable in business, so it's important to make it as easy as possible on oneself.
• Having conversations with employees about their performance and addressing any issues can help improve the situation.
• Non-solicitation agreements can be used to protect the business from employees soliciting clients or other employees if they leave.
• Valuing and appreciating employees, creating a positive work culture, and aligning employee goals with company goals can help reduce turnover.

Chapters

00:00 Introduction: Employee Turnover

01:02 Reasons for Turnover: Not the Right Fit

01:55 Using Non-Solicitation Agreements

04:47 Valuing Employees and Creating a Positive Work Culture

08:20 Aligning Goals: Reducing Turnover

15:52 Conclusion