Retaining good employees is one of the most rigorous challenges. That's why The ABCs of Employee Retention is so helpful. From "Always Show Respect" to "Zealously Ask for Input," this article covers all the bases.
New hires need to feel they fit in and that they are making valuable contributions to the company early on. One of the best ways to do this is with a well-designed orientation program. A good orientation program not only helps employees get up to speed faster, it increases job satisfaction and reduces turnover. This article covers all the essential elements of an effective orientation program.
Turnover is costly for all businesses, large or small. For a worker you are paying $24,000 a year, it will cost you an additional thousand or so dollars to replace them. However, the small business owner may feel the impact more immediately and to a higher degree. While there may not be a magic formula for attracting and keeping entry-level workers, here are some tips to consider.
Losing top employees can be very costly to your organization. But these days, retaining your best people can be very difficult. Are you ready to do what it takes to retain your best and brightest?
Replacement costs usually are 2.5 times the salary of the individual. The costs associated with turnover include lost customers, business, and damaged morale. In addition are the hard costs of time spent in advertising, screening, verifying credentials, references, interviewing, hiring, and training the new employee just to get back to where you started.