The science shows that helping managers solve turnover is equally as important as recruiting new hires, and at a time when the number of open positions AND the number of employees quitting across our country has never been higher.
Last week I had three separate meetings with organizations that said they had conducted Stay Interviews but turnover and engagement had remained the same…no improvement. I learned next, though, that the Stay Interviews they had implemented were not the proven approach with Stay Interviews that we provide to our clients…and not a form of Stay Interviews that is based on research.
Pay at least half of the total reward to the referring employee on day one, especially if that employee is paid by the hour. Otherwise your referral program begins with a fatal flaw…at a time when you’ve never needed employee referrals more.
Employee referrals are four times more likely to be hired, save companies over $7,500 per hire, perform their jobs better than their peer employees…and most importantly for our purposes, stay longer. What’s not to like?
The combination of many employees working from home plus our trudging through the highest period of quits in history has led to this outcome: A high number of employees have joined and left companies without ever meeting another employee in person.
I’m looking forward to speaking at the SHRM21 annual conference in Las Vegas next week, and while I speak at the conference each year, this year I have been asked to prove that managers cause turnover and disengagement rather than HR. Here is a preview of my Mega Session.
Google has announced they will reduce pay for those employees who have chosen to work permanently from home if their remote location has “lower labor costs than where their former offices are located”. In other words, Google will permit me to continue working for them remotely if I take a pay cut.
This is your one-page guide to bring your executives and managers into the real world of recruiting and retaining now, so their expectations are real and they develop more patience for your work.
The heat is on for companies of all sizes to declare if they will require their employees to be vaccinated against COVID-19…risking that those refusing employees could lose their jobs.
I’m a workaholic…meaning I study work…so come join me if reservation wage is a new term for you. It’s new to me, too.