The True Cost of in an Early Childhood Program
Leadership Issues Lead to Staffing Issues, Which Lead to Enrollment Issues, Which Lead to Profit Issues!
There is an epidemic in the child care industry: extremely high staff turnover rates. The industry average is currently between 30-40%!
Working in child care can be extremely rewarding, but even in the healthiest, most positive working environment, the stress and chaos of it all, coupled with the low rate of pay, can wear on a person. This combination alone can lead to high rates of staff turnover.
You might be surprised to learn, though, that the factors that most strongly influence staff turnover have nothing to do with money, or workload stress, or chaos.
The LARGEST CONTRIBUTORS to High Staff Turnover are Poor Company Leadership and a Negative Company Culture!
Notice I didn’t say poor company “management” – I clearly said “leadership.” There is quite a difference between being a leader and being a manager.
So many of our child care directors are focused on the management of the center – the paperwork, and the regulations and the scheduling – that they don’t take any time to work on LEADERSHIP.
What Is Turnover Costing You?
The cost of turnover in our industry is estimated to be approximately $5-8,000 per position when you consider the following factors: