A new warden at a jail discovered that he took over a facility with an annual turnover rate of more than 100%. Knowing the importance of retaining staff, the costly consequences of turnover, and the need to provide consistent oversight of the inmates in his charge, the warden was determined to reduce turnover. To his credit, within just a couple years, the warden decreased the facility turnover from more than 100% to around 13%. By industry standards, his accomplishment was nothing short of incredible, but what happened as a result of this feat of success wasn’t as wonderful.
You’ve heard for years that compensation is not the primary factor for keeping talent at your company and keeping them job satisfied. Several other environmental concerns are what keep people working with you and happy about it.
Sometimes the only way to make sure it gets done right is to do it yourself. You have probably said that or even still believe it. You don’t pass off tasks to others because you need it done right the first time. But without properly delegating tasks, you’ll never succeed in business or in life for that matter.