You know that losing talent is expensive. But do you know how expensive? A recent report from Oxford Economics places a staggering price on staff turnover; they estimate that the average cost of losing and replacing an employee, including lost output and recruitment fees, is £30,614.
With such a high price paid for employee dissatisfaction, it’s no wonder that there are so many books devoted to the topic of making your people happy. I’ve picked three of the best to help you motivate, inspire and retain your workforce:
1. Drive: the surprising truth about what motivates us – Daniel Pink
In this compelling read, Daniel H. Pink explains that the secret to high performance and satisfaction in today’s workplace isn’t about high salaries or amazing benefit packages. It’s about the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and the world.
2. Start with Why: how great leaders inspire everyone to take action – Simon Sinek
Most people know what their companies do, but do they know why? In this powerful book Simon Sinek explains that articulating the ‘why’ is key to leading and inspiring your people.
3. Switch: how to change things when change is hard – Chip Heath
Beloved of management consultants everywhere, this book is a must-read for anyone planning to change behaviour in their organisation. Taking a hard, psychological look at why we find change so hard, the book explores ways of delivering lasting change.
So there you have it. Three books to help you build a happy, motivated workforce. Enjoy!