Acendz International
Knowledge Centre
RESEARCH
Assessing Turnover Costs
Numerous international and New Zealand based studies prove that the direct cost of just one unplanned exit falls somewhere between 1.5 times and 4 times the departing employee's salary.
Career Development Training Keeps Employee Turnover Down
Incorporating training that develops employees towards long-term career goals can help promote greater job satisfaction. A more satisfied employee is likely to stay longer and be more productive while on your team.
Five Employee Retention Mistakes
Even though it's an "employer's market" with millions of capable people looking for work due to the recession, many employers are making five key employee retention mistakes.
Mistake #1: Assuming employees "won't dare now leave due to the recession."
Many organizations have discontinued their employee retention programs, figuring they aren't needed because their employees would be crazy to leave now. While it's true that most of your good employees won't leave now, some employers lose some of their most valuable employees during downturns and recessions. Why?
Employee Turnover Looms
According to research by Harris Interactive on behalf of the Adecco Group, the most serious threat to organizations in this recession may be the recession's end.
A company's most important asset is its employees, and Adecco's latest Workplace Insights Survey indicates that most employers will see a high level of employee turnover when the job market rebounds.
Employee Engagement
Employee engagement is the level of commitment and involvement an employee has towards their organization and its values. An engaged employee is aware of business context, and works with colleagues to improve performance within the job for the benefit of the organization.