Retaining talent is once again a front and center challenge… and the stakes couldn’t be higher. The cost of unwanted employee turnover is painfully high. In fact, many organizations estimate the cost to be 1.5 to 2 times an employee’s annual salary. Ouch!
But there is good news. If you’re successful at improving employee retention (particularly with important employee groups like high performers, mission-critical job roles, and Gen Y), it acts like a rising tide that lifts many other key business metrics.
How We Can Help…
Understand why people join, stay and leave your organization
Analyze the costs, causes and consequences of turnover in your organization
Determine key retention strategies, including tactics based on turnover risk points. For example, the majority of all attrition, 52% on average, occurs in the first year of employment
Actively engage your executives, key stakeholders and leaders at all levels, empowering them with knowledge and actionable data
Help you define key business metrics to ensure execution, accountability and performance tracking for return-on-investment analysis and more