Episode 99:
The Great Resignation: Stopping the Bleeding
What You Will Learn:
- How The Great Resignation is creating challenges for business owners at all levels as employees leave at unprecedented rates
- Why turnover is a huge business expense both directly and indirectly, and how millions of people have left or are considering leaving their jobs just since April 2021
- Why many pandemic-related issues and other factors are contributing to The Great Resignation, and why pay isn’t a major contributing factor
- Why fair, adequate pay is important, but it cannot be the primary solution to the talent drain you’re experiencing
- Why shared Purpose and Values can be a powerful resource for retaining your employees, and why emotional investment is a better motivator than financial investment
- Why we all have an innate desire to learn and develop, and how Zappos demonstrates that caring about employee growth and betterment can engender loyalty
- Why progress needs to be steady and incremental so that employees can feel their progress and add new responsibility
- Why communicating and demonstrating your care for your employees is a crucial leadership skill, and what steps you can take to strengthen your bond
- Why helping your team members through the challenges they’re facing can cost little and pay dividends in loyalty
- How doing the work to build loyalty and trust with your employees can often bring leaving employees back later, when their situation has changed again
About Brett Gilliland
Brett Gilliland is Founder and CEO of Elite Entrepreneurs, a company that specializes in giving $1M+ business owners the knowledge, processes, and tools to grow to $10M and beyond. Brett is an expert in organization development, leadership, and strategy and spent 10 years helping Infusionsoft grow from $7M in revenue to over $100M. Brett was involved in the foundational work of Purpose, Values, and Mission at Infusionsoft and facilitated the strategic planning process for many years.
One of Brett’s favorite professional accomplishments is co-creating Infusionsoft’s Elite Forum along with Clate Mask and building the Elite business inside of Infusionsoft. As the leader of the Elite business, Brett has helped hundreds of struggling seven-figure business owners overcome their biggest challenges and achieve new levels of success. He also played a central role in the development of Infusionsoft’s Leadership Model and was serving as the VP of Leadership Development when the decision was made to spin the Elite business out of Infusionsoft. As the new owner of Elite Entrepreneurs, Brett can’t think of anything else he’d rather be doing professionally. When Brett isn’t busy helping $1M+ businesses succeed, he is a family man who enjoys spending time with his beautiful wife, Sharon, and their 8 children.
Additional Resources:
- Elite Business Health Assessment: https://growwithelite.com/health
- Email: info@GrowWithElite.com
- Website: https://growwithelite.com/
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