Hiring great employees is only the start to creating a strong workforce. You also have to keep them.
The processes of recruiting, interviewing, hiring, onboarding and integrating a new employee into your company is expensive and time consuming. Assuming your new employee is a great fit - it’s in your business’ best interest to keep him or her in the company.
No organization can survive if top-performers quit.
Your business’ employee retention rate refers to the ability at which your organization keeps its employees. Retaining a motivated, high-performing staff is vital to your company’s success, and comes down to understanding how to keep those employees, what they need to stay - and why. These questions will give you the insight you need to know in order to see what’s driving your top employees - and the positive changes you can make in order to retain those employees.
Right now, nearly 60% of employees are currently job hunting.
Think about it: More than half your staff is looking elsewhere. Instead of waiting until your employees leave to implement changes, it’s crucial to uncover issues now and often in order to retain your best talent and grow your business. Because individual employees are motivated by different factors, the Work Institute finds out what those factors are in order to keep your employees engaged and driven.
Productive employees mean higher profits - only if they stick around.
Your top-performing employees are building the kind of customer loyalty you need to drive revenue, stock value and higher profits. They are your most valuable asset.
Retaining valuable employees is essential for your organization because:
- Recruiting and hiring the right candidate is time consuming - and can be costly.
- Your organization invests time and money in onboarding and training a new employee.
- Failure to retain a great employee often means he or she is headed to your competitors.
- Employees who remain at your organization tend to contribute more effectively because they better understand your policies, guidelines and goals.
- Retaining great employees often leads to greater loyalty and talent branding.
Work Institute is uniquely positioned to measure, understand, and predict employee retention.
We survey current employees as well as exiting employees on your company in order to save you money for recruiting, hiring, and onboarding employees each year. Are you creating a great experience at your company? Are you empowering your employees to grow and develop within your organization? Our employee retention solutions are designed to determine what drives your top-performing employees - and what you can do to keep them. Our comprehensive program is your key to achieving your company’s long term goals.
WORK INSTITUTE CAN HELP
We would love the opportunity to earn your business. Call us now to schedule your free consultation to discuss your specific employee retention challenges.