04/24/2018
Are you tired of not selecting the Right Person for your positions? The more important question is ...Does Your Organization Have a “Healthy Turnover Rate”
While numbers vary based on the industry, reasearch says that organizations need a turnover rate of 10% to be considered HEALTHY. Addressing and reducing turnover cost is one of the most critical components of success in an organization. When you factor in all of the costs associated with employee turnover - including interviewing, hiring, training, reduced productivity, lost opportunity costs, etc. - here's what it really costs an organization:
• For entry-level employees, it costs between 30% and 50% of their annual salary to replace them.
• For mid-level employees, it costs upwards of 150% of their annual salary to replace them.
• For high-level or highly specialized employees, you're looking at 400% of their annual salary.
A major KEY in getting unhealthy turnover cost under control lies in your Interviewing and Hiring Process.
Prior to making a job offer, every good executive and hiring manager seeks the answers to the following 3 critical candidate questions:
1. CAN this person do the job?
2. WILL this person do the job?
3. WILL this person do the job for ME?
Our short, on-line Initial Work Ethic Screen plus DISC assessment complements your hiring process by providing you with a Reliable, Accurate indicator of future job performance.
This instrument provides you with a powerful candidate performance ANSWERS, reporting if your candidate is SATISFACTORY or CAUTIONARY for further consideration. That answer is based upon the candidate’s integrated scores in the following Four (4) WORK ETHIC MEASURES. These measures support strong performance in virtually every job that interacts with and supports co-workers OR the general public.
• Will this candidate WORK EFFECTIVELY with customers, co-workers and managers?
• Will this candidate REMAIN ENGAGED AND EFFECTIVE when under stress and pressure?
• Can this candidate PRIORITIZE their workplace activities and responsibilities?
• Will this candidate be ACCOUNTABLE for their own actions in the workplace?
Conducting a pre-hire assessment on your candidate helps determine if they will fit into your UNIQUE workgroup and culture. If you would like to discuss how we add value to your existing process, send an e-mail or give me a call at 704-575-7971.
