By the Time They Quit, You're Already Paying for It

Turnover often gets treated as the moment a people problem begins. In reality, it may be one of the last signals you see. Long before someone leaves, disengagement, declining performance, missed communication, increased workload, leadership gaps, and cultural strain can already be creating drag on the business. In this episode of Leadership That Holds, Mick and Tara Carbo look at turnover as a lagging indicator and explore what it can cost when leaders wait for a crisis before making changes. They break down the financial impact of replacing employees—including replacement costs that can approach or exceed an employee's annual salary and climb even higher for leadership positions—and discuss the less obvious costs that accumulate before and after someone walks out the door. More importantly, they look at what those numbers can tell leaders about the health of the organization before turnover becomes the crisis that finally gets everyone's attention. Because the real question isn't just: "What did it cost us when they left?" It's: "What was this costing us while we were waiting to act?" Visit www.carbocoaching.com to learn more and see upcoming Leadership Fuel Breakfasts, workshops, webinars, and leadership programs. Subscribe to Leadership That Holds for practical conversations about stronger leadership, healthier organizations, and the business impact of getting people right.