REDUCE EMPLOYEE TURNOVER
It is probably safe to say that almost all managers are concerned about employee turnover and try to take steps to reduce it. However, many managers are not aware that 20% of all employee turnover occurs in the first 90 days of employment and that 4% occurs on the first day on the job! Here are a few ideas you may wish to utilize to reduce new employee turnover:
Preboarding. Make new employees feel welcome by providing them with literature about the company, community and geographic area immediately after they accept their offers. Continue to provide this type of information until and after their first day at work.
Use online forms to obtain required employee data prior to start of employment, which will reduce first day administrative tasks and provide more time for welcoming the new employees.
Onboarding. Develop a structured, interesting onboarding process. During onboarding sessions discuss company expectations, personal and professional development opportunities, assessments, community involvement, and other topics that are important to employees and especially new employees. Select a discussion leader who knows how to encourage participation in the discussion.
Mentoring. New employees appreciate an insider’s view to help navigate the company. The bigger the company, the more complex the process. Create a mentoring program in which experienced employees show new hires the ropes. Select mentors who are knowledgeable and enthusiastic.
Safety Net. Most transitions are not easy. Although you should provide new employees with autonomy, make sure that you also provide them with a safety net in the form of an experienced colleague who can catch issues before they get out of hand. Provide new employees with real time feedback so they can learn from their mistakes.
Protect Your Investment. According to the Society for Human Resource Management, the average cost of hiring a new employee is almost $60,000. Making your employees feel welcome is a big part of protecting the significant investment that your organization has made in recruiting. Ensure that new employees have a good impression of your organization starting on their first day.
The above article was published by CNI Recruiting, a direct-hire recruiting firm. CNI Recruiting identifies, evaluates, refers and helps clients hire top Sales, IT, Operations and Marketing professionals at all company levels. We have significantly reduced our clients’ employee turnover rates and we are so confident that we can do the same for you that we provide a nine month, no quibble guarantee in the event of resignation or termination for any reason. Our referral fee is 15% of first year base salary. There are no additional charges of any kind and we receive payment only if you hire our candidate.
CNI Recruiting recruits for small and midsize businesses. We use a national database of over 120,000 candidates, most of whom have not initiated a job search. This extensive database allows us to refer the right candidates within five business days of receiving your job order.
Our recruiting method has been PROVEN since we started our firm on January 1, 2010. We base our searches on the following criteria: Skill set, experience, past performance, job tenure and cultural fit. We refer only candidates who fit your requirements, which reduces your recruiting expenses. Also, because our candidates have track records of extended tenures, you achieve significant additional savings.
CNI Recruiting is the parent company of Best Recruiting.