Podcast – Insurance Jnl: Takeaways from Our Conversation on EPL Challenges in Cannabis

CANNANNEW REPORT

As cannabis industry employment grows – Leafly reported there were 320,000-plus full-time equivalent jobs supported by legal cannabis as of the beginning of last year, a number likely to be larger today – EPL is becoming a serious consideration. Steve Cohen The industry has all the regular employment practices concerns of other industries, plus a number of other issues to consider, including high turnover, with some estimates of up to a 50% employee turnover within 60 days of hiring. For our latest podcast we spoke with Steven Cohen, co-founder of PeopleGuru, an HR software and services company, and Ben Sibthorpe, head of CannGen pro, a management and professional liability underwriting unit of CannGen Insurance Services. Following are takeaways from that conversation. According to Cohen, one of the major problems that the cannabis organizations are facing today is that of turnover. Ben Sibthorpe “And unlike some traditional industries in the cannabis space, on average, they’ll have over a 50% turnover within the first two months of employment,” Cohen said. “So you can imagine the challenges surrounding that inherent turnover problem, everything from recruiting new talent to the emphasis and effort that needs to be put in place on retention as well.” The turnover problems are often exacerbated by the pandemic. This combination has resulted in some businesses having to temporarily shutdown because they didn’t have enough employees to operate. “I have a client in Colorado recently shared with me that in the wake of not only your normal challenges with staffing and people calling out sick and not being able to make it to work,” he said. “Now, you’re dealing with the pandemic and the extended, sick time challenges that you’re faced with. I literally have a client that had to shut down their dispensary for two days and couldn’t operate…

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Source : Podcast – Insurance Jnl: Takeaways from Our Conversation on EPL Challenges in Cannabis

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