Reducing Employee Turnover

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Discover how to hire the best and improve your profitability

Employee turnover is one of the most costly aspects of business. Many CEO's have not computed the actual cost of turnover. Minor employee turnover can run $2,000 to $4,000 per employee. Upper level employees are costing one to one and half times their annual salaries.

Our process for lowering employee turnover uses any or all of these steps to create a stable workforce for you:

• Place greater emphasis on the development of a thorough, quality recruiting and selection testing program.
• Determine managements attitudes and behaviors concerning employee relations.
• Examine company policies and rules toward employees.
• Place greater emphasis on the new employee orientation program.
• Evaluate new employee training.
• Evaluate current employee training and performance evaluation programs.
• Evaluate communication process between management and employees.
• Determine if current employees have a career path within the organization.
• Evaluate employee recognition and incentive programs.
• Examine companies pay and benefits program compared to competition.

Our inital study gives us the facts to recommend the exact methodology to reduce your turnover to an almost non-existent problem. Our past work has actually taken one organization from a 200% turnover rate per year to no turnover for two years.

Of course not all facets need to be done to lower employee turnover. Depending on the organization it may only take one or two of these to reduce turnover to a minimal number.

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