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Employee Turnover

Information on calculating and understanding the cost of employee turnover.
Employee Retention: Keep Your Best From Leaving
Free 7-day retention course. We train your managers how to reduce turnover and build high retention workplaces that lead to greater job satisfaction.
Contact Us | Resources | Retention Tips
www.highretention.com
Employee Turnover From Allegis Group Services
Workforce Management Solutions from Allegis Group Services will help manage your contingent workforce. Contact us today.
Contact Us | White Papers | Salary Calculator
www.AllegisGroupServices.com
Valtera Engagement Survey
Leading research on employee engagement. Great results, fast.
www.valtera.com
Employee Turnover Rates
Benchmark, analyze, and improve your company's attrition rates.
www.pwc.com/saratoga
Employee Survey Leaders
Engagement Solutions From Change Mgmt Experts. Download Whitepapers
www.HayGroupInsight.com
Employee Turnover Experts
Next generation online 24/7 tools, employee surveys, exit interviews.
www.WorkInstitute.com
Employee Retention
Is your employee retention program based on scientific fact? Ours is.
www.therainmakergroupinc.com
Employee Motivation
Engage the middle 60 percent. Recognize. Reward. Boost profits.
www.RewardsNation.com
HR Conference: Retention
Best practices in Onboarding talent June 17-20 San Jose, Register now!
HR-Conference.IQPC.com
Employee turnover
Find business articles from leading publications and journals
www.allbusiness.com
Employee Retention Plans
Reduce Unwanted Turnover & Keep Talented People w/ RetentionWorks.
www.TalentKeepers.com
Learn to Keep Top Talent
Having talent retention problems? Solve your turnover woes - June 25
www.TheRetentionConference.com
Listings
Cost of an Employee Turnover
Information from AchieveMax
www.achievemax.com
Cost of Employee Turnover
Checklist of items to include when calculating the cost of turnover in any organization.
www.isquare.com
Cultivate employee loyalty
1997 Branch-Smith Publishing.
www.greenbeam.com
Employee Retention: Keep Your Best From Leaving
Free 7-day retention course. We train your managers how to reduce turnover and build high retention workplaces that lead to greater job satisfaction.
Contact Us | Resources | Retention Tips
www.highretention.com (Paid)
Employee Turnover
Hire Success provides softare and internet based personality and aptitude tests for business, corporations, government and military.
www.personalityplus.net
Employee Turnover From Allegis Group Services
Workforce Management Solutions from Allegis Group Services will help manage your contingent workforce. Contact us today.
Contact Us | White Papers | Salary Calculator
www.AllegisGroupServices.com (Paid)
Innovative new perks help firms cut turnover, boost loyalty
Article from Joan Lloyd & Associates.
www.joanlloyd.com
Loyalty in 2000- What's Changed
Copyright © 2000 by Ethan A. Winning.
www.ewin.com
Loyalty- Is Corporate Loyalty Dead
Copyright © 1993-2000 by Ethan A. Winning.
www.ewin.com
Perceptions of Employee Turnover
Article by Rebecca Lloyd, from Knowledge Management Magazine.
www.destinationcrm.com
Study Finds Link between Employee Turnover, Theft
Article from Penn State University.
www.psu.edu
Thomas Staffing
Employee retention issues, annual survey results.
www.thomas-staffing.com
Valtera Engagement Survey
Leading research on employee engagement. Great results, fast.
www.valtera.com (Paid)
What happens next is that people -- especially women -- burn out and end up leaving
Article on turnover by Tony Schwartz, from Fast Company.
www.magportal.com
Employee Turnover Rates
Benchmark, analyze, and improve your company's attrition rates.
www.pwc.com/saratoga
Employee Survey Leaders
Engagement Solutions From Change Mgmt Experts. Download Whitepapers
www.HayGroupInsight.com
Employee Turnover Experts
Next generation online 24/7 tools, employee surveys, exit interviews.
www.WorkInstitute.com

Guide to Preventing Employee Turnover

Improve employee retention to save your business money


Employee turnover can cost your business 120 to 200% of a departing employee's annual salary and experts estimate that it takes new employees around 13 months to get up to speed in a new position. A recent study by CIGNA Behavioral Health found that over 45% of workers had considered leaving their jobs in the last year or had already left.

Many reasons exist why individuals leave their jobs. These include:

  1. Wages
  2. Benefits
  3. Understaffing
  4. Poor job fit
  5. Lack of Communication
If you want to decrease employee turnover, you'll need to consider why employees leave and how to change those aspects of your business. You can find many resources online to help you resolve common problems and help increase your employee retention.

Action Steps

The best contacts and resources to help you get it done

Implement work/life programs to help decrease employee turnover Many Fortune 500 companies that routinely rank high on the lists of best companies to work for use work/life programs. Employees like these programs and benefit from them. Aspects like flexible work schedules can help you improve employee retention and recruiting.

I recommend:  The U.S. Office of Personnel Management has a number of suggestions for improving workplace flexibility, family life and worker health and wellness. Hire a consultant, such as Work Life Balance or Perspectives LTD to help you identity, implement and improve your work/life programs.

Show employees how to increase their productivity Having more productive employees can often decrease the amount of time that an employee needs to work. Although this will be less of an issue for hourly workers, those on a salary will like being better able to balance their work and personal lives. This can also decrease the amount of stress that employees feel.

I recommend:  Show your employees different ways of increasing their productivity. Use software programs like Profile XT, which matches your employees to positions in your business where they can be most successful. This will help them enjoy their position more as well as increasing productivity. Motivate your employees toward greater productivity.

Use team building to decrease employee turnover Integrate your employees through team building exercises. Team building allows employees to work together to solve problems, reducing their stress factor.

I recommend:  Try different team building activities in order to help you with employee turnover. Use various tips to help your meetings run more smoothly and increase your team's commitment to each other. You can also hire team building consultants and companies, like Adventure Associates, who will guide you through the process.

Improve communication for employees Studies show effective communication about where the company is going and why helps to increase employee retention. Let employees know what you want them to accomplish. Feedback is also important to employees; they want to know how they are doing and to get quick feedback on what you expect. Ask for their input when it's appropriate, giving them a sense of ownership in the direction of their job. Provide positive appreciation for your employees' work.

I recommend:  Foster effective communication to help decrease employee turnover. Use sample surveys to get feedback from your employees or build your own surveys to get the information you need. You can also use survey consultants to help you construct an employee feedback survey. Hire a company like Communication Works to help you improve the communication in your business.

Tips & Tactics

Helpful advice for making the most of this Guide
  • Studies indicate that the average worker has more than 200 hours of uncompleted work that has created a backlog. Helping them reduce this amount, and their stress levels about it, can help you retain more employees.
  • Although employers typically think that wages and benefits are the main reason employees leave a job, studies indicate that aspects like communication problems and understaffing play a large role in this decision. Raising wages may not be enough of an employee retention plan.

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How-To Guide from WORK.COM

By Melissa Haveman
Improve employee retention to save your business money.
Employee turnover can cost your business 120 to 200% of a departing employee's annual salary and experts estimate that it takes new employees around 13 months to get up to speed in a new position. A recent study by CIGNA Behavioral Health found ... Read more
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