Employee Retention
Employee Retention Is Cost-Effective
Improving employee retention is one of the most cost-effective measures a company can take. Keeping people happy, motivated and engaged is cheaper and more efficient in the operation of any organization than constantly having to hire and train new employees. Employee turnover and the hiring process cost money and create distractions. With our Define & Align™ process you can improve your Employee Retention and avoid the high cost of turnover.
What Is The Cost Of Employee Turnover?
- Recruiting and hiring new employees.
- Training costs-including management time.
- Ensuring full pay and benefits during training, before full productivity is reached.
- Avoiding lost sales and alienated customers during training.
- Realizing the cost of mistakes and service inefficiencies made by new, inexperienced employees.
- Loss of customers loyal to departing employees.
- Loss of knowledge and experience built up by departing employees.
- Lost or damaged relationships with suppliers.
Seven Secrets To Retaining Employees:
- Matching people to positions
- Providing guidance, education and learning and development opportunities
- Respecting your employees
- Keeping them in the loop
- Recognizing and valuing employees working part-time
- Treating your employees as an important customer
- Updating your company policies regarding pay, benefits, schedules, etc.
Let us help you reduce the cost of turnover by making the right decision the first time. Then we will help you implement the support systems that result in increased productivity through effective management.
- Contact Us TodayLearn how The Kabachnick Group can help you retain employees through engagement by talking to one of our certified employee experts today.
