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Experts Predict Employee Exodus
Brace yourselves, HR professionals. That whooshing noise you hear could
be the sound of skill and talent flying out your organization’s doors
to seek greener pastures. In a recent online survey, 44% of senior HR
executives predicted that as many as half of their employees will begin
looking for new jobs once the economy improves, according to the
Utah-based performance improvement firm Novations Selection, Development and Communication.
33% of all turnover occurs in the first 90 days of employment. Turnover
rates during this time are double that of any other time period.
For a 1000 employee company, increasing
retention by only 2%, will save your organization $880,000. We can show
you how our solutions will give you a return on investment of approximately 50 to 1.
Research suggests that a company’s "stars" are the first to be poached
by competitors and are less likely to stay. Moreover, a study of
investment banks found that when imported from elsewhere, stars rarely
sustain their performance in the new organization.
Orientation Passport can help you with retention
strategies that will keep your valuable employees. Our consultants have
experience as Fortune 500 internal HR Leaders with best practice ideas.
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