Ford Coleman (@fordcoleman_) 's Twitter Profile
Ford Coleman

@fordcoleman_

Founder helping you elevate your career. Follow for insights on business & career growth. CEO of Runway (joinrunway.io). Sign up to my weekly newsletter ⬇️

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linkhttps://fordcoleman.beehiiv.com/subscribe calendar_today27-02-2024 19:21:24

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Great leaders are not the best at everything. They find people who are the best at different things and get them all on the same team.

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Entry-level employees who receive proper training and mentorship can be 3x more productive in their first year. (Source: Association for Talent Development)

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More than 60% of entry-level hires leave in year 1, often due to poor fit or training. Replacing them costs up to 50% of their salary. So, a company hiring 100 grads at $60K could burn $1.8M/yr just on turnover! Better hiring = massive savings. Don’t ignore entry-level talent.

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Top talent doesn’t stick around where they’re undervalued. If you want the best, pay them what they’re worth. Underpaying might save you now, but losing great people will cost you way more in the long run.

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The average employee turnover rate in the U.S. is 47%. Which is pretty damn high. The even crazier thing is 42% of this turnover is preventable, often stemming from factors within an organization’s control, such as employee engagement and workplace culture.