Save up to $300,000* by adding this item to your to-do list

I advocate for being nice to everyone you encounter each day. Yes, it sometimes takes a bit of empathy to return a smile and keep your patience intact.

Leaders of organizations can measure the result of being nice. The best way to do this is to recognize each team member frequently enough to make them feel proud of the work they do. A compliment goes a long way.

I recommend leaders add this item to their daily to-do lists.

Today I recognized ____________________________________

A quick pat on the back and compliment will make a person’s day. Happier staff feel more positive and are less likely to find a job elsewhere. As I mentioned, do this to be nice first and foremost. Then consider the cost of replacing an unhappy employee.

The ROI of Nice

How much does it cost to replace an unhappy team member? 

Entry-level employees - 30-50% of their annual salary.

Mid-level employees - upwards of 150% of their annual salary.

High-level or highly specialized employees - 400% of their annual salary.

If you are a 150-person company with 11% annual turnover, and you spend $25,000 per-person on hiring, $10,000 each on turnover and development, and lose $50,000 of productivity opportunity cost on average when refilling a role, then your annual cost of turnover would be about $1.57 million. Reducing this by just 20%, for example, would immediately yield over $300,000 in value. And that says nothing of the emotional headache and cultural drain felt from losing great people*. - Source: https://blog.employerscouncil.org/2017/06/28/costs-of-turnover/

Do you want to improve how nice you are to yourself, your team, and your community? Recognize a team member each day of the week. I cover this and much more in The ROI of Nice presentation.

Photo by Lukas from Pexels.