Lisa Prusak of Redstone Business Consulting Group: Hidden Costs of Revolving Employees
Lisa Prusak and Matt Wilhelmi – Episode 1
Lisa Prusak of Redstone Business Consulting Group joins Matt Wilhelmi for an engaging series related to a Food Manufacturing Company Matt worked with for over a year. They have over 500 employees and wanted to expand their distribution beyond the Chicago Market.
Lisa Prusak brings tremendous expertise to this case study as she holds a Masters Degree in Industrial Organizational Psychology and she has experience as the CEO for a chemical manufacturing company.
With a goal of 6x revenue growth, this Food Manufacturing Company reached out to Matt Wilhelmi to see if he could support their aspirations from a financial and operational perspective.
What he uncovered is that they have some other issues that may potentially inhibit their growth projections.
Once she hears there are people issues, Lisa Prusak talks through a root cause analysis, explains the immense value created from conducting exit interviews, and talks selection, training, and development of the staff.
Matt Wilhelmi tells the audience what sets off his “Spidey-Sense”.
With three key issues being uncovered during this first episode, Lisa is certain this business needs to create a firm foundation before taking too aggressive of approach to executing their growth strategy.
Lisa Prusak and Matt Wilhelmi – Episode 2
Lisa Prusak of Redstone Business Consulting Group returns to join Matt Wilhelmi for episode 2 of 3 of this series; Hidden Costs of Revolving Employees.
Lisa outlines the financial concerns when there’s turnover in the middle manager roles of an organization even though they don’t clearly fall to the bottom line on a Profit and Loss. The turnover costs companies 3x their employees’ salary.
Lisa details a story of what happens when career ladders are not established; there’s a flimsy foundation. Building on a flimsy foundation is a recipe for disaster.
She outlines what happens when few people wear many hats within the organization. When these leaders get focused on new things, they tend to lose focus on the last things they were assigned to which causes a lack of momentum. This could also be a cause for team cohesion to erode which tends to mean that the leader is seen as ineffective.
Matt shares a story from Taboo Business Questions, What’s Haunting Every Entrepreneurs’ Growth. Revenue Snobbery.
Lisa talks about her Master’s Degree in IO Psychology and what the I side does and what the O side does and how both help to better understand how businesses function, teams work together, and what it takes to develop an organization. The data driven decision making enhances the techniques of IO Psychology professionals.
Lisa Prusak and Matt Wilhelmi – Episode 3
🎥 Lisa Prusak, CEO of Redstone Consulting Group, joins Matt Wilhelmi, owner of Strategic Voyages Business Consultants, in the final episode of their insightful discussion around a food manufacturing company that was struggling to expand operations.
In this episode, Matt and Lisa recap the issues the organization presented when Matt was asked to do a cost analysis. Then, Lisa presents her holistic approach to solving each issue.
With over 500 employees and aspirations for significant growth, they encounter various hurdles, from distribution channel optimization to turnover issues in middle management.
Tune in as they explore the complexities of organizational structure, leadership dynamics, and operational strategies crucial for sustainable expansion. Lisa shares her expertise, drawing from her 30 years of experience in running and building companies, offering practical solutions and invaluable insights for navigating these challenges.
Discover how to overcome obstacles, streamline processes, and foster a culture of collaboration and innovation to propel your business towards success. Don’t miss this engaging conversation on strategic growth and leadership excellence!
Stay tuned for more episodes and be sure to subscribe for future updates! Like, share, and comment below to join the conversation. Let’s embark on this journey of business transformation together! 🚀
