“It’s not that we need new ideas, but we need to stop having old ideas.” 
Edwin Land, inventor of the Polaroid camera
As you watch all the dashboard metrics for your business, be sure to keep an eye on your staff turnover rate and don’t be fooled into assuming that “Lower is better.” You may have low staff turnover because you’ve set low expectations, provide little accountability, few performance incentives and you assure that everyone gets a nice increase every year regardless of their contribution to the organization. After all, you just want them to like you.
If you see low turnover along with slipping productivity, decreasing profitability and little accountability, your days are likely numbered. Your lack of leadership is allowing your unmotivated staff to destroy the business. Eventually, your house will be swept clean along with everyone in it. Until that happens, it’s just a picnic at work for everybody. They’re having a great time enjoying life at your expense. So, here are the 3 reasons to raise the turnover experience.
1. You’ve decided to set performance expectations and release those who don’t meet them.
2. You want new ideas.
3. You want to motivate others to improve their productivity.
Jack Welch, former CEO of GE, didn’t worry about his turnover rate. In fact, he released his bottom 10% of performers on a regular basis.
“When you were made a leader you weren’t given a crown, you were given the responsibility to bring out the best in others.” Jack Welsh
“You provided skills that we were able to apply that afternoon.”