Effective Management & Staff Retention

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Presentation transcript:

Effective Management & Staff Retention

Turnover Rates Average 2013 voluntary turnover rate in nonprofit theatre in the U.S. in 2013:1 14.0% For the private (non-farm) sector in the same year:2 1.9% Number of Minnesota’s arts and culture full-time equivalent positions: 4 30,000 Extrapolation, 14% of 30,000: 4,200 FTEs turned over per year

Value 30-40% $1.2 Billion Estimated portion of the market value of an organization connected human capital:3 30-40% Economic impact of the Minnesota arts and culture industry: 4 $1.2 Billion

Cost of turnover5 16% of annual salary for high-turnover, low-paying 20% of annual salary for mid-range Up to 213% of annual salary for executive positions

Sources Cited Thanks to Nicki Pretzer for compiling! 1. Nonprofit HR Solutions and Improve Group. (2013). Nonprofit employment trends survey. Retrieved from http://www.nonprofithr.com/wp-content/uploads/2013/03/2013-Employment-Trends-Survey-Report.pdf#page=21&zoom=auto,-128,787 2. Bureau of Labor Statistics, U.S. Department of Labor. (2013, December). News Releases and Archives. Retrieved from www.bls.gov: http://www.bls.gov/news.release/archives/jolts_02112014.pdf 3. Beatty, R. W., Huselid, M. A., & Schneier, C. E. (2003). Scoring on the balanced scorecard. Organizational Dynamics, 32, 107-121. 4. CreativeMN.org, 2015. 5. Center for American Progress: Boushey, Heather & Glynn, Sarah Jane (2012, November). There Are Significant Business Costs to Replacing Employees. Retrieved from https://www.americanprogress.org/wp-content/uploads/2012/11/CostofTurnover.pdf

Our Agenda 9:00 Welcome and introduction 9:20 Legal perspective: FMLA, Workers Comp, Reviews, Retaliation 9:50 What the local survey data says 10:35 Break 10:45 Power Point game and poll (it’s about power) 11:10 Breakout discussions on micro management and feedback 11:45 Break 11:55 Reviews and assessment strategies 12:25 Burnout, boundaries and wellness 12:55 Closing and reflection