Darius Fisher Gives Advice on How to Minimize Employee Turnover

Darius Fisher emphasizes the impact of employee turnover on businesses and provides practical advice to avoid it. Employee turnover means the price, in monetary value, that costs the businesses for replacing an employee. For example, it can cost upto 400 percent of an annual salary to replace a highly specialized employee. A mid level employee is replaced with 150 percent of annual salary and an entry-level employee is replaced with 30-50 percent of annual salary. For higher posts, it can really add up.

There are many effective ways to increase employee satisfaction at job and minimize employee turnover. Creating incentivised goals is one way to do that. An incentive adds a friendly competition and motivation when the job gets dull. An incentive does not have to be expensive. It just needs to be something of value to the employees. For example, one month of free yoga classes can be popular among people who value fitness.

Along with providing good incentives, try to celebrate employees good work. This could be done in an email sent to everyone on the team highlighting the employee and what he/she did good. For example, shooting an email saying, ” Jamie is killing it in PR! She just got a hit for her client in the New York Times!” This will boost employee satisfaction and encourage better performance.

Another way to motivate employees is to keep them in the loop. Regularly share teams progress and any new news and events with employees. This will give them a sense of responsibility.

Along with keeping them in the loop, it is very important to give them raises whenever it is due because of their hard work.

Although you may want to give a raise, sometimes its just not feasable. Fisher provides some alternatives to pay raises.

Have a free lunch on Fridays

Greet them on their birthdays

Make room for fun during the day

Maintain a creative workplace

Have pet friendly environment

Darius Fisher is the co-founder and president of Status Labs, an online reputation management, public relations and digital marketing firm. They have offices in New York, Austin and Sao Paolo serving over 1500 clients from all over the world.

Fisher graduated from Vanderbilt University. He has worked as an copywriter and political consultant before joining Status Labs. He put forward the vision for Status labs and hired employees.

Your Social Media Posts Could Cost You Dearly

There are times in life when we party a bit too much or get a bit too drunk and post an inappropriate selfie on a social media site. We cringe when our friends and/or family tease us about it later. However, a hiring manager may not be so understanding. She may take one look and cross your name off the interview list. You might not get accepted into that favorite university. Worse, your current employer may discover your drunk-posted selfie during an annual review and you end up getting fired.

When Mark Zuckerberg first invented Facebook as a Harvard student, it was a small experimental novelty. That was way back in 2004, and now just eleven years later, it has become ubiquitous and important as a general social connector nexus. Everyone can connect to everyone else, for free. It seems so innocuous, until something personal posted there impinges on your life.

Of course, spending too much time using Facebook while on a job can also, in a more pedestrian way, affect your employment. And, all of these pitfalls work to reduce your overall reputation. Status Labs is a company that specializes in helping people recover from a damaged reputation, whether online or in everyday life. They offer the following tips to enact as a very first step to protecting your reputation:

Make your personal Facebook page with a code name that you only give to family and friends. You main Facebook page is kept pristine for business use.
Draw up a rigid policy that never allows you to use Facebook at work during normal working hours. Write it down and post it somewhere you will see it regularly.

There are many ways to remedy the situation if your reputation is compromised and Status Labs knows all the ways. The expert professionals at Status Labs are experienced at snatching victory from the jaws of defeat. They are also adept with traditional real-world reputation repair. They are as skilled with SEO (Search Engine Optimization) as they are with media Public Relations. They know how to play the system to get you back in the saddle with a real second chance in life.