Employee turnover is inevitable, but when it is excessive employee turnover often puts a business into the red. The costs of turnover are easy to overlook or ignore - but you ignore them at your own peril.
Excessive employee turnover has some obvious costs you can track, but the real costs take a greater toll. Many new employees do not become fully productive until they've been trained and gain experience, a process that usually takes several months. The time, effort, and money invested in those employees walk out the door when they leave.
Download an Excel Spreadsheet calculator which can help you estimate your company's turnover costs.
Employee turnover is a symptom of other possible problems. There are always reasons for turnover lying beneath the surface such as bad work ethic, improper management, and most commonly, poor hiring practices. The "up-side" is the solutions to turnover can affect your organization in a myriad of ways including increased productivity, reliability, better management and more.
‘Superior’ producers fit their jobs and:
This graph explains the hiring processes that give you up to a 75% of the information you need to know in order make a good hiring decision.
We help companies implement pre & post-employment assessments such as the Step One Survey II and the Profile XT. These tools help you identify desirable traits of potential employees and "job match" them to a position. They are known to reduce turnover by 50% (often the percentage is significantly more).
Download an Excel Spreadsheet calculator which can help you estimate the Return On Investment of using the Profile XT in your company's hiring decisions.
TCA can work with your company to identify the best methods to solve employee turnover and your "people headaches". We will show you how to implement a successful employee selection system by job-matching candidates and giving you all of the tools you need to reach the "75%" benchmark.
View a Sample Report of the Profile XT or the Step One Survey II, use our contact form, or call 918-245-7787 to make significant gains towards reducing your companies turnover.