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March 2017
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March 2017
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Turnover Reduction Starts With Hiring

Friday, March 24, 2017

The average cost to replace employees is six to nine months of their salary, so an employee who makes $60,000 a year will cost approximately $30,000 to $45,000 to replace. Obviously, it’s in an employer’s best interest to keep employees retained, particularly their top talent. This is why it's important to start with recruitment. The hiring process isn’t only about finding the perfect person for the position; it’s about finding a member of the team who will be cohesive. According to the TINYpulse 2015 Employee Engagement & Organizational Culture report, having great colleagues was the main reason employees said they were satisfied at their jobs. On the other hand, co-worker disputes were cited as a primary cause of job dissatisfaction, and ultimately turnover. It’s critical that employers “hire smart” and look at a potential employee beyond their technical skills and experience. Teamwork abilities, leadership skills, and personality are all just as crucial as technical ability. By taking into consideration how an employee will mesh with the existing team, turnover can be addressed from day one.

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