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It’s no secret that high turnover can negatively impact businesses, but this impact goes far beyond the time, effort, and money it takes to constantly be hiring. The revolving door of “Welcome”s followed by “I Quit”s can not only impede the success of individual franchisees, but it can significantly impact an entire franchise system – even when isolated to a few locations.
According to the International Franchise Association’s 2024 Franchising Economic Outlook report, the franchise industry is expected to add 221,000 jobs this year, for a total of 8.9 million people employed by franchised businesses.
Even so, some franchisees are