HR Professionals
Hiring & Staffing decisions made easy

Reducing turnover and retaining talent

Assessments won't just help you find the perfect person for the job— they'll help you keep them too. And with statistics showing that 70% of top performers are expecting to leave a company within 2 years, you need all the help you can get. The costs of hiring and training can be overwhelming, which makes the retention of talented employees (and the prevention of hiring mistakes) crucial to a company's bottom line.

Assessments can reduce turnover and retain employees by helping you to:

• Ensure a candidate fits the job. It's pretty straightforward: employees who love what they do will be more enthusiastic, productive, and committed— even if they don't get paid top dollars. Ensuring that a person fits the position, skills and personality-wise, is one of the most effective methods to reduce turnover rates.
• Offer incentives to stay. This doesn't necessarily mean dangling a bonus in front of employees. Learning opportunities, growth opportunities, new responsibilities, autonomy, leadership positions … these are perks that many employees appreciate and value. Assessments can offer insight into an individual's motivators, so that you can offer incentives that matter to them.
• Promote from within. Assessing your staff to identify who has management potential will allow you to fill leadership positions with someone you know, who works well with others, and who is already familiar with the organization— and who you can shape into the perfect manager. It can be a much more cost-effective solution than hiring and training a totally new person, and it will be a clear message to all workers that hard work and dedication pays off.
• Determine the probability of turnover for various positions— and people. Even the best companies, despite active efforts, rarely reduce turnover rates below 5%. Whether it's a result of employee burnout, lack of sufficient training, or simply someone who has a history of job-hopping, assessments can help you monitor and plan for these issues.