Cut Turnover

Four Proven Ways to Stop New-Hire Turnover

4 ways to cut new hire turnover
It is possible that many companies think early turnover is just “the cost of doing business.” My recent work with the U.S. Census Bureau makes clear that there are fewer new workers coming our way, so I think it is time that we get a lot smarter about who we hire and how we retain them. Here are four ideas that I promise will work because if you don’t address it now, turnover may just cost you your business.
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Securing HR’s “Seat at The Table”

HR exec with seat at table.
Fortune published an interesting article recently about how HR’s role has stepped up due to people-centric issues like COVID-19, the subsequent labor upheaval, and remote work. Their point is that HR now finally has that coveted “seat at the table” that top HR execs have longed for during the past decade or two. The question is what big challenges HR tackles using that seat.
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Pay or Disrespect – What Drives High Performer Turnover?

Pay or Disrespect – What Drives High Performer Turnover
A recent Harvard Business Review article provided convincing data that top performers are the first to quit when new hires are getting paid more than they are. Overall salaries are projected to increase another 4% this year, causing even more salary compression. And importantly, the increase in online-everything makes it far easier for employees to know how much peer employees are getting paid…especially new hires whose pay is blasted across Indeed and other hiring sources. So yes, everyone knows.
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