It's estimated that organizations spend somewhere between 50% to 200% of an employee's annual salary to replace them, depending on the level and complexity of their role.
Not only that, when someone leaves, it impacts morale, our organization, and ultimately our mission. So, it benefits nonprofits to keep our employees.
In this episode, we talk to Rachel Platt, an HR leader and people strategist with over 20 years of experience who helps nonprofits think through their entire talent lifecycle from hiring to exiting.
We are exploring the reasons behind the seemingly normal high turnover in the nonprofit sector, the role of learning and development in reversing this talent loss, how to use this to get buy-in, and low-cost ways to develop and engage your staff.
▶️ The Real ROI of Reducing Turnover (and How Training Helps) with Rachel Platt
▶️ Key Points:
0:00:00 From in-house HR to Plattinum Consulting
0:08:45 What's really behind high nonprofit turnover
0:12:59 Low-cost ways to develop your staff
0:17:55 The far-reaching benefits of training your staff
0:24:06 How to get training buy-in from a retention POV
0:29:04 What the best learning leaders are doing
Resources from this episode:
Catch up with Episode 103: 5 Low-Cost Leadership Development Activities for Organizations with Tight Budgets.
Also listen to Episode 168: Create Environments Where People Stay, Grow, and Thrive with Julie Winkle Giulioni.
Join the Nonprofit Learning and Development Collective: https://www.skillmastersmarket.com/nonprofit-learning-and-development-collective
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Connect with Rachel
LinkedIn: Rachel Platt
Website: plattinumconsulting.com
Connect with Heather
LinkedIn: Heather Burright
Website: skillmastersmarket.com
Book an interest call with Heather here.
Learning for Good is the podcast for nonprofit leaders seeking practical L&D solutions. Hosted by Heather, an experienced consultant, we dive into leadership development, instructional design, change management, and staff management strategies tailored to nonprofit organizations.
Discover how to implement impactful learning solutions, foster belonging, and influence senior leaders. Each episode provides the tools you need to confidently navigate high-level conversations and drive meaningful change within your organization.
Let’s create lasting impact through innovative L&D solutions!
Produced by Ideablossoms