
Staff turnover could be costing you £40m a year
Put a number on regrettable turnover. Even at the low estimate of half a salary per leaver, a 10,000-person firm losing 20% a year spends £40m.
LinkedIn research found 40% of employees aged 55 and over had not spoken to a Gen Z colleague in a year. Managers can close that gap.
Jennifer Robinson, Organisational Development Manager at Canopius, shared a statistic that stopped her in her tracks: 40% of employees aged 55 and over had not talked to a Gen Z colleague in the past year (LinkedIn research, UK, 2024).
With several generations working side by side, that gap in understanding and connection can keep widening. Robinson's challenge to managers is to bring teams together around a shared purpose, because connection is what builds trust.
In the same webinar, Alex Clinton of Thomas suggested reverse mentoring: younger staff help experienced colleagues with new technology and ways of working, while their experience is respected.
But this was staggering to me, is that employees aged 55 and over have not talked to a Gen Z employee. 40% of them have not talked to a Gen Z employee in the last year. And for me, that was staggering. So that understanding between the two generations and building those connections, it's getting, I guess, extending and extending. So how can we bring teams together and create purpose to create that connection between the teams? I think that's really important so that we can build that trust.
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Put a number on regrettable turnover. Even at the low estimate of half a salary per leaver, a 10,000-person firm losing 20% a year spends £40m.

Unless the job involves presenting, an interview presentation tests the wrong thing. Test the work itself instead.

Many adjustments for neurodivergent colleagues are simple and free, such as sending the agenda before a meeting. The key is agreeing them with the person.