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An employee survey can provide you with a good understanding of what is happening within your business when you are not there or what your employees think of working there. While any company can benefit from doing an employee survey, there are many reasons for those companies that have issues with such things as poor retention of employees and high turnover to those companies that have a low productivity level.
High levels of voluntary employee turnover is very costly. Exit interview surveys, employee retention surveys and employee turnover surveys identify the causes of employee attrition and identify ways to significantly increase employee retention. Related Article Tags: , , ,
It is interesting that for all the charts and graphs displayed at meetings that you have attended t hat never once have you ever seen a graph of the true and major cost of "employee turnover".
Employee turnover inflicts tremendous costs to businesses in terms of lost productivity, sales and profits as well as costs involved in the hiring and training process. Related Article Tags: , , , , , , , , , , , , ,
This article lists precise dollar amounts, percentages, and productivity figures to demonstrate the high (cost-) effectiveness of corporate wellness programs. Some of the figures on savings that companies realize through the implementation of effective wellness programs are surprisingly high, demonstrating clearly that corporate wellness programs can be great investments. Related Article Tags: , ,
The age of the life-long employee is over. High employee turnover rates have become a harsh fact of life for many companies today. The hard costs of turnover can be devestating to a company, as well as the not so obvious costs associated with high turnover such as poor employee morale and reduced productivity. Luckily there is something that can be done about these costs. Related Article Tags: , , , ,
Employee turnover impacts an organization in a variety of ways, most of which are negative. High turnover generates not only heavy tangible costs, but takes its toll on the current team members as well. So what can you do to reduce the cost of continually bringing in new people? Here are just a few reasons for high turnover and some strategies to correct. Related Article Tags: , , ,
The high cost of employee turnover is a disease that can destroy an organization. Much like undetected cancer in an overtly healthy-looking person, it destroys from within. There are a number of reasons for this symptom, but for today we'll tackle the hiring process. Related Article Tags: , , , , , ,
Employees are a valuable asset to any organization. It is essential to protect this vital resource as talented and motivated employees play a crucial role in overall growth and success of the organization. Focusing on employee retention techniques can positively impact the organization as it increases employee productivity, performance, quality of work, profits, and reduces turnover and absenteeism. Related Article Tags: , , , , , ,
It's one of the largest costs in all different types of organizations, yet it's also one of the most unknown costs. It's employee turnover.
Companies routinely record and report costs such as wages and benefits, Workman's Compensation Insurance, utilities, materials, and space, yet most companies have no and report the cost of employee turnover. It can be much higher than you think. Related Article Tags: , ,
What is the FOREX and why it involves you without you knowing.
John was very excited to learn that the company had decided to promote him to a management position where he would be accountable for about half the store. There were many new responsibilities included leading several other employees. He felt he was ready for the challenge and looked forward to the leadership training he would receive in the company's training course. Unfortunately, the training course didn't really cover anything about how to be a leader. Wondering if he missed something, he talked to his boss about the missing training and was told it wasn't part of the training he would receive. Related Article Tags: , , ,
This cutting-edge job benchmarking process will bring clarity to meet the objectives of your performance appraisal system and productivity measures. Related Article Tags: , , , ,
A new MetLife study reveals that 55 per cent of employers rank 'employee retention' as their No. 1 benefits objective. Unfortunately, the same study showed that only 33 per cent of workers feel strongly that their company effectively educates them on their benefits options. If you're going to use benefits to build a solid workforce, here are the five most common mistakes to avoid. Related Article Tags: , , , , , ,
Boosting employee engagement and employee satisfaction is one of the most effective ways to significantly increase profit. The best way to assess employee engagement and employee satisfaction is to conduct employee surveys that identify the causes, and what can be done to eliminate low employee satisfaction and employee engagement. Related Article Tags: , , ,
An examination of the use of personality assessments during the selection and hiring process. The use of these tools can dramatically increase the likelihood of a successful hire. Did you know that traditional hiring techniques only provide a 14 per cent chance of a successful hire? A Harvard Business Review study recently revealed that 80 per cent of employee turnover can be attributed to hiring mistakes. Personality assessments combined with job benchmarking can increase the chances of a successful hire up to 75 per cent. Related Article Tags: , , , , , ,
As a job seeker you might face the situation of being rejected for a job, even though you are overqualified and could easily perform the job well. This is quite a common situation and from the company's point of view, they are wary of hiring someone who is overqualified because they might not be satisfied, could show arrogance and also leave the company within a short span of time. There is academic research on the subject does back this concern and shows that employees who perceive themselves as overqualified are likely to be less satisfied and have a higher turnover rate.
Companies can benefit greatly from adopting and maintaining employee wellness programs. Employee wellness programs can include things like health risk assessments, onsite health screening, health coaching, alcohol and drug counseling, mental health assistance, safety in the workplace, preventing violence in the workplace and diversity education. Related Article Tags: , , , , ,
Conducting a sales force survey or a sales force opinion survey is a highly effective way to learn about what is causing your company's sales force to fall short of their sales potential, and what is causing sales force attrition. Related Article Tags: , , , , ,
Examining the positive effects of recruiting skilled and low skilled workers from abroad, for jobs that cannot be filled locally due to the skills gap or lack of local applicants. Related Article Tags: , ,
Consistent and constructive performance evaluations can improve employee morale and keep them motiviated. Organizations need to decide when to perform employee evaluations and set up an alert system to remind managers when their employee evaluations are due. Related Article Tags: , ,
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