02.07.2017 Views

WBS Magazine - Issue 2

Welcome to the second issue of the WBS Magazine! This issue is jam-packed with articles and tips from an array of female entrepreneurs on topics that are interesting, fun and will help you grow - whether you are an experienced business owner or just thinking about starting up. WBS is focused on not only just promoting & supporting your business - we want to help you grow your business by empowering you with knowledge. Information is so important, and with this magazine, our podcast, our events and our website, we constantly pushing forwards to give our members the tools to reach the stars. WBS would like to thank all our members for making all this possible. A special thank you to our major sponsor, Bookit Bookkeeping, and to every one of you who have supported WBS over the last 5 years!

Welcome to the second issue of the WBS Magazine!

This issue is jam-packed with articles and tips from an array of female entrepreneurs on topics that are interesting, fun and will help you grow - whether you are an experienced business owner or just thinking about starting up.

WBS is focused on not only just promoting & supporting your business - we want to help you grow your business by empowering you with knowledge. Information is so important, and with this magazine, our podcast, our events and our website, we constantly pushing forwards to give our members the tools to reach the stars.

WBS would like to thank all our members for making all this possible. A special thank you to our major sponsor, Bookit Bookkeeping, and to every one of you who have supported WBS over the last 5 years!

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"Low team morale is contagious<br />

and may also affect the new<br />

employee"<br />

Low team morale<br />

While a high turnover rate may<br />

raise some questions about an<br />

organisation’s hiring process in<br />

the first place, it also leads to a<br />

decrease in team morale.<br />

One contributing factor may be<br />

increased workload for existing<br />

employees due to lack of an<br />

active or fully trained staff<br />

member. Low team morale is<br />

contagious and may also affect<br />

the new employee leading to<br />

some major long term issues<br />

such as staff conflicts and<br />

increased absenteeism.<br />

Costs involved<br />

These become perpetual costs to<br />

the organisation.<br />

One single employee leaving<br />

an organisation impacts on<br />

business financials in several<br />

ways.<br />

Ernst & Young reports the<br />

cost of losing and replacing an<br />

employee may be as high as<br />

150% of the departing<br />

employee’s annual salary<br />

(Workforce.com).<br />

Some common expenses<br />

involved are:<br />

• Advertising,<br />

• Re-training,<br />

• Lost or dissatisfied<br />

customers,<br />

• Low productivity of the<br />

new staff member,<br />

• Reduced productivity of<br />

existing staff involved in<br />

training the new employee.<br />

B U S I N E S S D E V E L O P M E N T | W B S O C I E T Y . C O M

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