The Truth Behind Employee Retention
By Admin |
1.9 min read
The Truth Behind Employee Retention
The hallmark of a successful manager is someone who drives a culture of productivity and excellence. They are the reason that their employees want to show up and stay, resulting in low turnover. By association, a high retention rate can be observed as well. With the average North American company losing $210 billion a year because of employee turnover Despite the many benefits of lower turnover, a high retention rate can be a warning sign indicating a step in the wrong direction. The handful of employees that are leaving may be the company’s best and brightest because of a lack of opportunities to grow and be challenged. It is this culture of complacency that accepts mediocre work as the standard. Meanwhile, the highest performers output 400% more in productivity, than the average employee and cost more to replace[2] . Despite their inherent value, less than half of high performers are satisfied with their jobs, and 1 in 5 say they are likely to leave in the next six months. When the only turnover exists as a result of key performers, the reason for employee dissatisfaction is often beyond poor relationships with the boss. The real culprit is a lack of challenges and a manager that does not understand how to coach their highest performers. Analytics tools such as the Predictive Index Behavioural Assessment™ provide insights into the motivations and drives of human behaviour. Managers are empowered with objective data to better manage their employees and provide them with the proper challenges they need to stay engaged. As a result, employees feel that their needs are being met and their work is valued. A high retention rate, when implementing the Predictive Index Behavioural Assessment™ means retaining the best talent for your organization. If you are interested in learning more about the Predictive Index Behavioural Assessment™ click here, or to view how all our workforce analytics can help you make better people decisions, click here. [1] Bonne, E. (2017, April 17). Employee Retention: The True Cost of Losing Your Talent. Retrieved from https://www.wrike.com/blog/employee-retention-true-cost-losing-best-talent/The Dangers of a High Retention rate
Why Employees Leave
The Predictive Index Behavioural AssessmentTM
Related Blogs
Leading Gen Z: Navigating Tomorrow’s Workplace
Introduction: The workforce landscape is swiftly evolving, and at the forefront of this change is Generation Z. Born into a world of technical advancements, Gen Z brings with them a fresh perspective and a set
Racing Towards Success: Unleashing the Power of Talent in NASCAR Pit Crews
Introduction: In the booming world of NASCAR, where speed is king and split-second decisions make all the difference, there exists a breed of individuals whose grit and determination fuel the engines of victory. They are
Want to Learn What Your Employees Really Think? – Send An Engagement Survey
Conducting employee experience surveys has been a common concept in workplaces for the past decade. The surveys are high-performance HR practices that help boost the overall performance of a business. Companies are now moving forward