Don't get caught wondering when and why you are struggling to get and keep enough employees to meet your customers' demands! Tom Stewart of Castle Keepers walks you through a simple calculation to know your employee turnover rate, which can help you to make better and less costly decisions about
- Recruiting and Hiring New Staff
- Training and Managing Employees
- Creating a Positive Company Culture
Make sure you have the best information for making the best investment in your employees and company culture!
FAQs
A: Employee turnover rate is a management measure that helps a residential cleaning company understand performance, compare periods, and make better operating decisions.
A: Use consistent data from the same reporting period, apply the formula described in the article, and document which revenue, clients, jobs, or employees are included so results remain comparable.
A: It connects day-to-day activity to profitability, capacity, retention, or growth and can reveal problems before they become visible in the financial statements.
A: Review it at least monthly. High-velocity measures such as revenue, leads, jobs, labor, and staffing may also need weekly monitoring.
A: Confirm the data first, identify the operational driver behind the change, assign one corrective action to an owner, and monitor the next several reporting periods before drawing conclusions.
