Archive for May 12, 2016
While hiring the right staff member is important, keeping that employee is vital. In today’s competitive job market and with a rising number of millennials – as much as 42% according to Jobvite – wanting to change jobs every one to three years, employee retention is one of the biggest challenges facing U.S employers, with almost 60% of companies surveyed viewing it as a significant problem. Top employees are easily scooped up by the competition, taking their knowledge, experience and expertise with them, and filling that gap can be difficult. Employee turnover can cost a company between 30% and 150% of the employee’s salary.
The first step to employee retention is ensuring a good match from the beginning. While a recent Robert Half survey found that 36% of the 1,400 executives surveyed cited poor skills mat