Dave Edwards posted: " A Gallup survey found that 48% of America's working population is actively job searching or watching for opportunities. They estimate that when an employee leaves, the cost to the company is typically 1 1/2 to 2 times their annual salary. So how do you h"
A Gallup survey found that 48% of America's working population is actively job searching or watching for opportunities. They estimate that when an employee leaves, the cost to the company is typically 1 1/2 to 2 times their annual salary. So how do you hire and retain your best employees?
Key Takeaways:
Great Resignation: 48% of America's working population is actively job searching or watching for opportunities, indicating a phenomenon known as the "Great Resignation."
Cost of Employee Turnover: When an employee leaves, the cost to the company is estimated to be 1 1/2 to 2 times their annual salary.
Effective Hiring Process:
Clearly articulate the job details, required experience, and success criteria in job postings and descriptions.
Encourage current staff to make recommendations and consider offering finder's fees.
Seek recommendations from customers and clients for potential candidates.
Inclusive Interview Process:
Involve department members in the interview process to gather valuable feedback.
Allow finalists to demonstrate their skills through practical tasks or assessments.
Use instruments like Myers-Briggs for candidate assessment.
Reference Checking: Conduct thorough reference checks with non-typical questions, focusing on the candidate's work style and qualities. Ask about positives and negatives.
Post-Hiring Mentoring: Ensure that the newly hired employee is mentored by a top performer, set goals, and conduct periodic meetings to track progress and job satisfaction.
Strive for Success: Employers should make efforts to hire the right person and set them up for success, aiming to improve retention and contribute positively to the organizational culture.
No comments:
Post a Comment