In 2021, more than 20 million workers quit their jobs. The Great Resignation is still real, folks.
African American, Hispanic and women employees have consistently
left companies in higher numbersthan their cohorts
and those who remain feel some kind of way!
GOT YOUR ATTENTION?
Great because these facts mean we need to talk.
The cost of replacing an individual employee can range from one-half to 2x an employee's annual salary!
The price for you, as a company is too high.
Here’s what happens when you fail to groom diverse talent for growth and leadership:
Employees become disengaged (which is very contagious, trust me)
Your company's public reputation takes a hit and becomes a red flag for potential diverse candidates (people will talk and give major side eye)
Pipeline representation dwindles at subsequent levels of your company
Diverse associates are finding a broken rung in their path from entry-level jobs to managerial roles.
broken rung theory
The biggest obstacle women face on the path to senior leadership is at the first step up to manager.
Your diverse employees' unique experience in the workplace should be factored into the growth, development and advancement opportunities for your high-achievers.
Now is the perfect time to invest in your existing talent pool.
You need to show them you care
before they tell you they’re leaving.
At Powerful Penny LLC, we help companies with low retention rates confidently train, prepare and promote associates of color. This improves your corporate culture, positively impacts your bottom line and reduces your attrition numbers.
Our strengths-based coaching and soft skills development programs, used in our Signature Coaching Process, help employees identify what's holding them back from having the careers they desire in the companies they love.
We place a particular emphasis on diverse and underserved professionals: ie. women and persons of color.
Hi, I'm Cheryl Grace,
Founding CEO of Powerful Penny LLC, an executive coaching, consulting, and lifestyle firm.
As a Black woman who rose to the executive ranks of corporate America, I understand both sides of the corporate ladder.
I know the frustration of a person of color attempting to climb that ladder.
As a corporate executive, I also know the importance of having a strong bench of qualified, diverse associates to consider for promotions.
I am uniquely positioned to break through the communication barriers between you and your employees that can prevent a positive increase in retention rates and hinder your ability to promote from within.
Click the button below and let’s discuss how I can help your company.