Turnover's hard cost to your business may be hundreds of thousands of dollars per year. This doesn't take into account its soft costs to morale, continuity, product quality, knowledge retention and more.
Empowered will help stem your turnover costs by identifying its causes, taking strategic action, and partnering with you to ensure your retention initiative is successful.
Financial wellness figures strongly into an employee's choice of workplace. Finances can be detractive ("I love it here, but I need to make rent this month"), but they can also enhance retention. In addition to benchmarking your pay rates to maintain competitiveness, Empowered focuses on the additive potential of your employees' financial health, including programs such as 401(k), investment coaching, profit sharing, gratuity included, performance bonuses, and other financial incentives.
Build a work environment where sustainability is a core value. Incorporating work-life balance, fun, health and fitness into your employees' daily routine will encourage their long-term commitment.
Great hospitality groups are distinguished by their ability to shape passionate professionals into leaders. Empowered delivers one-on-one and group leadership development programs to cultivate your leaders of tomorrow.
Too often, an employee's engagement stagnates after their initial six months of employment. Challenge your team to grow, learn, and do more. Millenials crave a clear career runway -- Empowered will build that runway with you.
Monitoring & Success
Empowered is a true partner in enhancing your retention. After implementing your strategy, Empowered will monitor, correct, and strengthen your initiative to ensure success.