Fix Your Bottomline
Let me guess.
You’re losing tens of thousand of dollars a year in voluntary terminations. You can’t seem to keep the veteran hires from leaving before their first anniversary, and no one will tell you why.
Let me tell you why you’re losing veterans.
The top 2 reasons veterans leave their new jobs are;
- Lack of advancement opportunities: We are not looking to be promoted right away. We want to know the rules of engagement. What does the path to advancement look like? How does one play the game?
- Lack of professional development: From the first day of basic training we are showered in professional development. We interrupt the lack of professional development as a sign that you aren’t interested in my growth and upward mobility.
You lose 1/3 of the new hires annual salary when they leave before their first anniversary. This does not include the 1%-2% of lost annual business revenue.
The loss of 1 full-time minimum wage employee equals $5,027.
Now multiply that by 5 lost full-time minimum wage employees. That’s a loss of $25,133.
The loss of a full-time entry level professional being paid $12/hr equals $8,320. Multiply that by 5 lost employees, you’ve lost $41,600.
Let’s look at the full-time mid-level manager making $23.25/hour. Losing 5 would cost you $80,600.
The March Forward Acclimation Program (MFAP) Workshop is the program you need.
The MFAP Workshop teaches veteran new hires and their direct supervisors how to
- Earn early wins within the first 90-days of assuming a new role, so they are more productive during their onboarding process.
- Learn the culture of the organization quickly, so they become proficient at international and external relationship building, resulting in more engaged teams and happier clients.
- Communicate effectively using basic coaching skills, preparing the direct supervisor to be stronger leader.
- Create professional development opportunities at the lowest level, so team members are prepared to assume more responsibility sooner in their careers.
By offer new hire veterans and their direct supervisors new skills and support together, you strengthen their relationship, keep them engaged in the onboarding process, alleviate stress and frustration and enhance their leadership skills early.
So how do you participate in the MFAP Workshop.
Send 2-3 of your human resources or veteran resources group professionals to the