Retention
Reduce the cost of employee turnover and hire top performers with Profiles International
It is inevitable that some staff will choose to leave your business, however quite often greater levels of staff retention can be achieved by ensuring your employees are engaged and that they can communicate productively with their manager. When it is excessive, employee turnover often puts enormous strain on a business and especially in tough economic times can sometimes make or break an organisation.
Failing to address low levels of employee retention has obvious costs you can track such as recruitment fees, etc, however the real costs to your business are often overlooked. Most new staff don't become fully productive until they've been trained and gain experience in their new role. This process usually takes several months and the time, effort, and money invested in those employees, walks out the door when they leave. Conservative estimates suggest that the cost to your business when a new staff member leaves within their first year of employment is about one third of their annual wage.
With Profiles International, you can improve your employee retention rate. Profiles International will help you to maximise the effectiveness of your talent management and employee development programs. By knowing what thinking styles, behavioural characteristics and occupational interests are required to succeed and remain committed to roles within your organisation you will be better positioned to identify top performers when hiring, as well as place existing staff in roles within your business that are better aligned to their individual characteristics. By focusing on human resource management and job fit, you will increase your organisation's retention of key employees and improve your productivity and performance.
Speak with a Profiles International consultant today to discuss how our unique solutions can assist you to retain your best people. |