The Innovation Show

The Innovation Show


The Boomerang Principle: Inspire Lifetime Loyalty from Your Employees with Lee Caraher

November 20, 2019

It is rare today for employees to stay with one organisation for the long tenures that were the norm before the Great Recession. In fact, "job hopping" is the new norm, especially for Millennials. So how can you create a culture where people will stay or return?

This episode shares how to leverage this fact rather than fear it. By engendering a lifetime of loyalty from former employees, leaders can see them "return" in the form of customers, partners, clients, advocates, contractors, and even returning employees.

This episode is a pragmatic answer to the outdated corporate mindset around employee turnover. Instead, it shifts the focus to creating lifetime loyalty from your alumni who will bring back business again and again.

We welcome author of “The Boomerang Principle: Inspire Lifetime Loyalty from Your Employees” Lee Caraher

“They’re dead to me.”
“I’m not going to spend all this time training them just to have them leave.”
“They’re job-hoppers who don’t know a good thing when they see it.”
“I’m on a constant training revolving door—as soon as someone’s trained up, they’re out, and I have to start all over again.”
“Why am I wasting my time? It’ll be faster if I do the work myself.”

These are sentiments you have heard many times from entrepreneurs, CEOs, managers, and supervisors when discussing those who are known as “Job Hoppers”.

We discuss:
Intergenerational Teams, organisations, and workplaces
Millennials, Gen X, Y, Z and Boomers
Purpose and Vision
The Boomerang Principle
How to leverage top talent
How to leave well
How to create an alumni of past employees

More about Lee here:
http://leecaraher.com/