In the wake of the Great Resignation and the new mindsets that have evolved on the part of job seekers, today’s employers must be especially vigilant about the risk of their leading employees walking out the door. Are you doing all the right things to help drive employee satisfaction so your best players stay on [...]
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Have you ever ended the workday and thought to yourself, “Oh boy, who is going to be a no-show tomorrow?” Unfortunately, you aren’t alone. According…
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The Society for Human Resource Management (SHRM) recently reported that, on average, it costs a company six to nine months of an employee’s annual salary to replace them if they leave their job. For instance, if a person was earning $60,000 a year, this would amount to $30,000 to $45,000 om recruiting and training costs. [...]
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June 24, 2021- Posted in
News
The labor market in Central Oregon remains tight and finding qualified employees continues to be one of the primary barriers for business growth in our market. Hoping the right candidate will apply to your job or walk through your doors is not a strategy. The labor market is only going to get tighter for the [...]
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High turnover represents an unnecessary cost. With the right retention policies, you can keep your best talent in place. You’ll save money and get more out of your limited resources. But how can you make that happen? Keeping your employees happy requires foresight and a holistic approach. These investments pay off in the long run, [...]
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Breakups are hard. It's as true in business as it is in relationships. When employees leave, it can create an awkward situation. This is true no matter the circumstances, But managing the departure the right way can create significant value. Having a strong offboarding process can actually improve employee retention. At the same time, it [...]
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Building the perfect team requires great hiring and exceptional management. But those aspects are only part of the equation. It's also crucial to invest in retention so that you can keep your best employees right where they are. Losing workers is expensive. One data set showed that an hourly worker costs between $4,000 and $7,000 [...]
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It’s a moment you dread. Your top employee has walked into your office and sheepishly informed you that they plan to leave for another opportunity elsewhere. They’re respectful and professional in the process, but you’re left to wonder: what’s the real reason they’ve chosen to quit? Retention should be a key part of your recruitment [...]
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Good team communication is an excellent way to improve your retention rates. By listening to your staff, you increase engagement and foster a deeper relationship with your employees. They feel more connected to their jobs, improving both retention and team performance. It’s important to keep your key employees in place. Poor employee retention rates can [...]
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Keeping your staff happy can accelerate growth and boost productivity. It’s an important component to achieving the most efficient workplace possible. However, it’s not always easy to keep your workers in mind. A competing set of interested parties is always vying for your concern and attention. You have to ruminate constantly about customer satisfaction. You [...]
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