Strategic HR: Start Fixing Employee Turnover

Workforce Alchemy

HR? Want a seat at the table? Earn it by fixing what’s broken. Start by fixing employee turnover!  Too many HR professionals are underutilized and undervalued. But the ones who identify and solve expensive business problems—like high turnover, low engagement, and lost productivity—become essential to the executive team.  In this episode of The Mason Duchatschek Show, we break down how HR leaders can stop being ignored and start being celebrated.  Discover what separates transactional HR from transformational HR—and how to prove your value in measurable dollars.  Key Insights for HR Executives  ✅ Why reducing turnover = bottom-line impact ✅ How to go from compliance enforcer to strategic leader ✅ Real examples of HR executives who earned their place in the C-suite ✅ Tactical steps to build credibility, influence, and job security  🎙 Listen to the Full Podcast Episode https://open.acast.com/networks/60075d05795a1c638da14e1d/shows/5cd334e4e3b953af742edd5d/episodes/681243936ac0e5213b97a348  📺 Watch the Full Video on YouTube https://www.youtube.com/watch?v=dplBe-sGYDQ  Take the Workforce Alchemy Challenge  If you're ready to stop being overlooked and start being indispensable, take the free Workforce Alchemy Challenge. You'll gain expert insights, strategic tools, and up to $1000 in resources to help your team—and your career—thrive.  👉 Apply now: https://www.WorkforceAlchemy.com  About Mason Duchatschek  Mason is a bestselling author of People Matter Most and Inclusive Leadership. His work has been featured in the New York Times, Entrepreneur Magazine, and Selling Power. He helps leaders turn workforce challenges into business breakthroughs.  Recommended Playlists  📌 HR Strategy & Workforce Alchemy https://youtube.com/playlist?list=PLaGSQcRH4ChxEhB1iyTbn7NcBO2SoaFA4  📌 The Mason Duchatschek Show – Full Episodes https://youtube.com/playlist?list=PLaGSQcRH4ChwjjPLD9FN6r2IvuBp5PPbg  📌 Leadership, Retention & Culture https://youtube.com/playlist?list=PLaGSQcRH4ChzHnH5ZCBUvw7z0sYKVhn2P  About Workforce Alchemy  Alchemy was once about turning lead into gold. Workforce Alchemy does that with people and business results.  We offer skill, attitude, and personality-based assessments to improve hiring, reduce turnover, and drive workforce engagement—along with training that transforms employees from transactional to transformational.  Explore: https://www.WorkforceAlchemy.com  Follow Us on Social  Facebook: https://www.facebook.com/ReverseRiskConsulting Instagram: https://www.instagram.com/workforcealchemy/ YouTube: https://www.youtube.com/@WorkforceAlchemist Rumble: https://rumble.com/user/WorkforceAlchemy Dailymotion: https://www.dailymotion.com/WorkforceAlchemy Twitter / X: https://x.com/WorkAlchemist   #HRLeadership #WorkforceAlchemy #StrategicHR #humanresources #humanresourcemanagement #MasonDuchatschek #hr #shrm

Transcript

00:00I could put a pencil on the paper, do a little bit of math and know that if they lost 50 employees and their average salary of their hourly employees was $30,000 a year, I know it costs about 16% of their annual salary to replace each of them.

00:12So that's $240,000 in turnover costs just to replace the 50 hourly employees that they lost.

00:18Well, what about the 50 salaried employees?

00:20Well, I can also do the basic math there and figure out that if they lost 50 salaried employees and their average salary was $60,000 a year, and I know it takes 21% of their annual salaries to replace each one of them, then that's another $630,000 a year in turnover costs.

00:37So if I add $630,000 and $240,000, that's an $870,000 a year turnover problem.

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