So, What’s Our 1 Rule 2 Business?
…It’s simple really, we focus on the people…
Why focus on the people?
When organisations don’t acknowledge or recognise the importance of their people. It can cost an organisation many things besides just money, and can unfortunately cause an organisation to lose things which even money can’t replace. Such as employee loyalty, respect and an organisation’s reputation. Below are the most common areas affecting an organisations people, typically costing your organisation money
High Employee Turnover
Whether it be due to limited development opportunities within an organisation, or due to organisational complicatedness or poor management or leadership. High employee turnover is costing your organisation time, money and your reputation.
So, what is the cost of losing an employee?
The costs of turnover are extremely high: it’s estimated that losing an employee can cost a company one half to two times the employee’s salary. Depending on the individual’s level of seniority, the financial burden fluctuates.
We can help
At 1Rule2Business, we look to identify the sources of your high employee turnover. Our focus is to approach listening with impartiality. We structure and implement strategies and solutions which address the root causes of your high turnover.
We develop your employees’ skills, define development paths whilst defining organisational structures and strategies which improve employee wellbeing and communication. Creating a more positive work environment, resulting in team members being happier, more productive & innovative. Which in turn makes your organisation more profitable.
Lack of Employee Development
Lack of employee development can have long lasting effects on your organisations ability to operate as it needs to. Not developing your people, results in the people who care and want to grow leaving your organisation. Creating skillset & knowledge deficits within your teams, which naturally diminishes your organisations quality of work.
So, what is the cost of lack of development?
The Society for Human Resource Management reports that it costs roughly $4,100 each time a new employee is hired in the United States—most of this is spent training and onboarding until the new employee becomes productive at around five to eight months. When it comes to ongoing training, companies spent an average of $1,071 per employee in 2021 in the United States. Using these two spending figures, we learn that it is 73 % less expensive to invest in current employee training than it is to hire new employees.
We can help
At 1Rule2Business, we start by identifying areas of your organisation which are lacking development, we define short-term and long-term development paths with clearly defined objectives and milestones. We carry out periodic reviews to ensure that all team members are making progress within their paths, realigning and guiding them when needed. All of our development paths align with your organisations present and future needs.
Lack of Strategy
Without strategic goals and objectives, employees may not know what to prioritize, resulting in confusion, inconsistent performance, and poor use of resources and time management. Qualitative and quantitative research has shown that a clearly defined and well-articulated strategy is essential for the long-term success of an organization. Unfortunately, many businesses continue to operate in a strategy void where they are chasing every opportunity that comes their way.
So, what is the cost of lack of strategy?
When you’re not making firm decisions and taking the action those decisions inspire, your business will suffer. Without strong strategic decisions, your customers will feel lost, your products or pitches will feel unfocused, and the purpose behind your business will be unclear.
Decision-making is what business strategy is all about. If there are no decisions, there is no strategy. If there’s no strategic decision-making, there is no success.
We can help
At 1Rule2Business, we can assist your organisation is establishing your priorities, whilst highlighting how such priorities should directly align with your strategic short-term and long-term business plans and objectives. We maintain an organization's strategy through effective monitoring, and adaptation when required. We carry out regular strategic reviews, establishing and maintaining key performance indicators (KPIs) alongside maintaining leadership alignment & employee engagement. All contributing to your organisation’s strategic success.
