"Managers need to look a little more closely at what it's like for their people to come to work there every day."
Peter Drucker
Fix the root cause of your turnover first - then you will recruit less and more effectively.
It is simply a two step process - which can only have one order.
They can leave faster then you can hire.
The cost of recruiting is higher then the cost of retaining.
The root cause of your turnover is multifaceted - so is the cost.
When fixed the benefits and savings will also be multifaceted.
Sooner or later you will run out of candidates that will apply.
The "Talent War" will not be won by an employer with high turnover.
Case study: A service company was bleeding out of senior technicians. We could not replace them as fast as they were leaving. The company's viability was at stake. A thorough review of the REAL root causes of our turnover was done. Solutions, with the cost, were identified. The costs were dramatically less then our extraordinary recruiting costs. We stopped the bleeding first, our recruiting was no longer a crisis. The solutions worked in the long term to the point that few employees ever left. Our engagment and productivity soared.
People Profits is redefining HR - by rejecting the mindset that created HR. We assist our clients by injecting fundamental business and financial principles into the HR function. HR is transformed from a COST center into a PROFIT center and your HR department into organizational heroes. Our expertise is based on developing a Human Capital Strategy and implementing our proprietary systems and processes that will increase the value of your greatest asset and your BOTTOM LINE.
