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Employee Retention
1.
2. 4.4 years – Average time an employee
stays in a job
29% - Employees interested in leaving
their current job
80% - Employees who are unsatisfied
with training, growth potential and
earnings
3. Turnover Dollar Costs
› Entry level employees - 50% of annual salary
› Mid-level employees – 150% of annual salary
› High level employees – 400% of annual salary
Lost Productivity
Unsatisfied Clients
Poor Morale
4. Increase retention
Implement a culture and programs that
drive engagement & retention
Revamp the staffing process
Conduct “Stay Interviews”
5. Company-Wide Survey
› Provides candid feedback
› Identifies areas for improvement
Pay
Benefits
Work/Life Balance
Empowerment to make decisions/be creative
HR Review of Staffing Process
› Talent acquisition in line with culture and goals
› Implement assessment methods to support
6. Conduct “Stay Interviews”
› Ensure current employees are in line with
culture
› Long term strategy to ensure post survey
culture remains
Schedule regular company meetings to
communicate