Tips, Tips, Tips.......Franchise Tip: Reduce Employee Turnover

Becoming a franchise owner can give you great opportunities but also great responsibility. Becoming a "boss" can bring you many great benefits for yourself, but all the tasks you have a boss. For example, to call the customer satisfied, high-quality products or services, manage your time, create schedules for employees, the management of books, and you are also used for the recruitment and dismissal of personnel. This is sometimes a challenge for franchise owners. First and keep good qualities is difficult to manage. Many find that the reduction of its turnover, a major challenge.

Turnover is the ratio of the number of workers who had to be replaced in a given period to the average number of employees. In fact, how many people come and go as employees. Some trade associations have what is known as a high turnover rate, which means that a shorter term than those of other companies in the same industry. Based on cost replace as entrepreneurs time and money.

First of all, it cost money to hire employees. You probably have to pay for their drug test, and other service charges. They are also time and money training. If you have a coach, you are paying double the money to train you as a person pays the trainers and trainees. You can also lose money if you are understaffed due to good reception.

They are also time to lose, because you will have time wasted training. But please note that it also takes time from your schedule to find and hire new employees. This may be the larger problem, especially if you lose a seasoned and well-qualified employees. You may be focusing your time in the search for new employees and neglecting other tasks.

So, here are a few ways to reduce the fluctuation:

First launch of the Clearing addressing compensation and benefits from the beginning of the lease. This is essentially two reasons, an employee. You must know what they are and what they receive by working in your franchise.

Also offer a training program for all employees. Keep your employees. Even if they know what they will do it for more comfort is therefore likely to stay longer.

Provide a clear path to advance. Another reason that employees leave because they feel that they have no room to grow or not with your franchise. If employees know that they can grow and it will not advance the feeling that to find a new job.

Enter a good working environment. If your employees are uncomfortable, they will not want to stay. You will see that there are other and better ways to do this if you are not with them good working conditions and environment.

One of the most important ways to prevent turnover is to hire the right people right from the start. Know what you want and what you do not want that for your franchise. Take the time to interview each applicant and get a good feel for them. As a former trainer for a large company, I could say, within a few minutes, if someone the way to work, and I also knew exactly the executives were conducting interviews.

So, keep your franchise operation of large setting the right people from the outset and avoid the high turnover!