The Faurote Group's mission is to assist leaders in understanding the importance of recognizing and implementing those practices which greatly enhance the retention of their top performers. Retaining a high percentage of your people allows you to lead your organization - as opposed to allowing staff turnover, and its accompanying uncertainty, to manage your company. Our employees will always be our most important clients. Without the best people we fail at bringing outstanding service to our business clients. High attrition rates loom much greater now than ever before.
Demographic projections indicate that the pool of highly talented people is shrinking.
Obviously a positive culture goes a great distance in enhancing retention. Stating the obvious, the inability to retain high talent individuals cripples a company's ability to grow and prosper. It feeds the growing discontent of remaining personnel who are forced to shoulder the responsibilities left behind by those who depart. Professional development of those remaining is many times negatively affected because they either do not have the time needed for specific training, or the assignment process is placed in a state of reactivity versus proactivity in order to meet the demands of the company. The dominoes begin to fall.