The Boomerang Principle: Inspire Lifetime Loyalty from Your Employees with Lee Caraher
The Innovation Show · The Innovation Show
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Show Notes
It is rare today for employees to stay with one organisation for the long tenures that were the norm before the Great Recession. In fact, "job hopping" is the new norm, especially for Millennials. So how can you create a culture where will stay or return?
This episode shares how to leverage this fact rather than fear it. By engendering a lifetime of loyalty from former employees, leaders can see them return in the form of customers, partners, clients, advocates, contractors, and even returning employees.
This episode is a pragmatic answer to the outdated corporate mindset around employee turnover. Instead, it shifts the focus to creating lifetime loyalty from your alumni who will bring back business again and again.
We welcome the author of "The Boomerang Principle: Inspire Lifetime Loyalty from Your Employees" Lee Caraher
"They're dead to me."
"I'm not going to spend all this time training them just to have them leave."
"They're job-hoppers who don't know a good thing when they see it."
"I'm on a constant training revolving door—as soon as someone's trained up, they're out, and I have to start all over again."
"Why am I wasting my time? It'll be faster if I do the work myself."
These are sentiments you have heard many times from entrepreneurs, CEOs, managers, and supervisors when discussing those who are known as "Job Hoppers".
We discuss:
- Intergenerational Teams, organisations, and workplaces
- Millennials, Gen X, Y, Z and Boomers
- Purpose and Vision
- The Boomerang Principle
- How to leverage top talent
- How to leave well
- How to create an alumni of past employees
More about Lee here: