20 Apr Employee Retention Strategies for HR Managers
Optimizing Employee Retention Will Always Be Relevant
A crucial goal to any HR department is to focus on keeping your current staff happy and motivated. No matter how many talented workers may be applying for a position at your company, no one can replace the experienced, knowledgeable and committed staff that you currently employ. It is critical to the continued success of your company that you develop efficient processes that aid in the reduction of employee turnover. High rates of turnover can affect your company negatively in the following ways:
- Increased mistakes and accidents due to inexperience
- Wasted resources spent on constantly training new recruits
- Lowered morale and loss of strong corporate culture
- Lowered quality of services rendered due to decreased worker expertise
The Stay Interview Process – One of the Most Trusted Retention Strategies
Employee retention strategies don't have to be overly complicated or a hassle to institute. A stay interview aided and directed by a simple, easy-to-use software application, has been trusted by HR experts for years as an effective way to decrease employee turnover rates. Other strategies, such as improving hiring protocols or reevaluating compensation packages, can be effective but rarely yield the concrete results that are gained by using stay interview programs. Stay Interview Systems offer the following benefits:
- Increased employee engagement
- Open communication facilitated by company protocol guidance
- Increased management and employee accountability
- Creation of historical data concerning factors related to job dissatisfaction and turnover
Begin Improving Your Employee Retention Rate Today!
As soon as you begin the process of interviewing your current employees, you'll begin building a strong foundation upon which you will build a dedicated and experienced base of workers. This retention strategy will improve morale, productivity and contribute to the longevity of careers within your company. Most companies notice a large decrease in turnover within the first year of implementing a system. Stay Interview Software is an investment that will quantitatively benefit your management and HR departments year-round.
HRsoft – The Employee Retention Software Leader
HRsoft is a leading provider of stay interview and employee retention software for mid to large sized companies in North America. To learn more about our Stay Interview System, STAYview™, click the button below!
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