Retention
Employee Turnover Costs
Employees leave organizations for a variety of reasons (e.g., retirement, insufficient training, workplace dissatisfaction, lack of career mobility). When an employee does decide to leave an organization, it can be costly to replace them. Expenses related to employee turnover include:
- Restarting the entire recruitment process
- Interview and hiring process
- Orientation, training, and/or certification
- Reference checks
- Agency fees
- Loss of optimal employee productivity for six to nine months
- Loss of potential revenues
- Loss of customer satisfaction
Solutions
The Competency Group provides objective retention strategies that are completely customizable to meet your organization’s needs. The solutions we offer include:
- Retention Diagnostic that identifies the drivers of attrition in your organization and customized recommendations to address those factors
- Career Development that supports skills development as employees transition to the next step our your organization
- Onboarding Programs that equip your staff with the skills and knowledge to function in their new positions
- Mentoring Programs that provide support to new and developing employees
Our Experience
At The Competency Group, we specialize in providing our clients with industry-leading competency solutions. Read more about projects where we implemented retention solutions:
