Jim JohnsonFounder, Contractorcoachpro · ContractorSage: Your Virtual Coach

The Cost of Bad Employees #podcast #roofingindustry #businesscoach #constructionbusiness

Name: The Cost of Bad Employees #podcast #roofingindustry #businesscoach #constructionbusiness
Uploaded: 2023-10-09T17:00:25+00:00
Duration: 17 s
Channel: Jim Johnson
Description: A short transcript excerpt from Jim Johnson's YouTube podcast "The Cost of Bad Employees" (recorded Oct 9, 2023). The speakers discuss the financial cost…

9 Oct 2023 · 0 min

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A short transcript excerpt from Jim Johnson's YouTube podcast "The Cost of Bad Employees" (recorded Oct 9, 2023). The speakers discuss the financial cost of employee turnover (one claim: $50,000 per quitting employee), hiring success rates (claim: 95% of hires work out), and the impact of keeping marginal employees who lower business standards. The exchange emphasizes calculating retention metrics and weighing investment in hiring/retention.

Yeah.
Like, we used the number earlier. You gave the stat. It costs $50,000 every time somebody quits for you. So if you.
Can do something again. The world's worst employee is the one that's not bad enough to fire, good enough to keep. What happens is they lower the entire standards of your. Of your business. Right.
Well, I think you could do some math. You could just literally look over the last year, how many employees have you had? How many have you lost? How many? If it's more than the number you just gave me, which was 95% of the people that you guys hire work out. So if it's. I'm only keeping 60%, it's absolutely worth the investment. Right.
There's no contest.