If you ask any CEO which individuals-linked problem keeps them up at night time, the respond to will most likely be turnover. Current tendencies aside, turnover has usually been a single of the most costly worries facing any small business. In 2019 (pre-pandemic and pre-Great Resignation), a Gallup analyze named it a “fixable issue” that “will cost U.S. companies $1 trillion.” Staff are usually going to be the most critical asset a company has, but successful retention tactics generally feel a bit out of access. Eventually, most retention approaches are stuffed with really feel-very good tips that fizzle when measured versus accomplishment knowledge.
There are no fantastic solutions to repair personnel turnover. And if you feel some researchers, like those in excess of at Emsi, demographic variations are leading to what might become a very long-expression worker lack. What’s a enterprise to do when faced with challenges like these? 1 suggestion: Applying an Applicant Monitoring Process (ATS) to strengthen part alignment among the candidates.