Could You Be Putting Your Recruitment Budget To Better Use?
Recruitment is an expensive process. From advertising positions, engaging recruitment consultants, interviewing, and then the gamble of taking on the "right" candidate.
Then there's the induction, training and support of your new team-member – it's an ongoing process even when you get it right first time.
Of course if you don't then it starts all over again – only this time you can factor in the cost of losing an employee too, in terms of their reduced output and effectiveness while working out their notice.
But what if you could cut down the amount of recruitment you needed to conduct, by holding onto your most valued team-members for longer, and increasing their productivity?
By finding out exactly what it is that motivates (and demotivates) your employees, you can ensure that your top performers are highly motivated, and address the issues which may make them leave before they even arise.
With a little expert help, you can head off the huge expense of losing and re-recruiting staff – and plough the money you save back into your business.
Our Employee Engagement Barometer Can Slash The Cost Of Your Employee Retention Issues!
We'll get to the very core of what drives your team – and get you honest answers to critical questions. Here's how:
- By not speaking directly to a line manager or HR officer, employees are more inclined to speak candidly about their concerns and frustrations
- Full follow-up, including action planning and solution finding, can be carried out without taking up your valuable working hours
- Multi-site organisations can see a collated, overall picture of employee satisfaction issues, allowing solutions to be tailored to the overall situation
- As employee retention experts we know exactly which questions to ask – and how to ask them – to extract the most valuable responses
The Recrion Employee Engagement Barometer TMgoes one stage further than the traditional exit interview strategy. We begin by interviewing your candidates 3 months after their induction into your company. Speaking candidly at this early stage can shed invaluable light on how the employee feels the impression given during the recruitment process is born out in reality – at a time when they're still keen to suggest constructive changes which will improve the probability of them staying for the long term. If you're already investing money in employee motivation, now's the time to find out if that's really money well spent – or if there's a more profitable way to invest it.
Simultaneously we will conduct strategically designed exit interviews with your leaving employees – as close as possible to the date they hand in their notice. These interviews are crafted to extract information about the real reasons employees elect to leave. In a recent survey, 62% of HR officers cited "lack of promotion opportunities" as the key reason for employees leaving. Response from the associated exit surveys indicated that in fact that was true in only 32% of cases. Conversely, 19% of leavers said they were motivated to hand in their notice due to "lack of teamwork and cooperation", whereas only 4% of HR officers felt this was critical.
This illustrates just how vital it is to base any employee retention policy on the genuine factors that motivate employees, rather than the perceived reasons for them leaving. Our anonymous, strategic, and non-threatening questionnaires dig right to the root of the problem, giving you the information you need to make informed decisions about the most effective ways to inspire the greatest productivity and long-term commitment from your team.
A strategic package, tailor-made for your company
The Employee Engagement Barometer TMis essentially an "off-the-shelf" solution, which can be scaled and adapted to perfectly suit your needs, for a fraction of the cost of recruiting even a single candidate.
Beginning with an initial consultation, we'll work together to assess your employee attrition rate, determine the scope of the project and agree the desired outcomes. You'll then have custom made post-induction and exit interviews crafted to get to the very heart of your business. Once the structure is in place, you can hand over the reins to us – freeing up your time and allowing you to get on with what you do best!
We'll agree a point at which we can start to feed back interim findings, so that you can start to build a picture of how your employees really view your company; and as the programme continues you'll get a more and more accurate impression of exactly how to really motivate your employees, and to meet and exceed their expectations – so that they in turn exceed yours.
The information that your employees and leavers give will be correlated against industry norms, and at the end of the project will be presented to you as a comprehensive report, including expert recommendations on how to move forwards. You'll have all the tools to ensure that your recruitment processes, inductions, and training programmes are all working in unison to attract the finest candidates, and then retain them to gain the maximum return on the biggest investment your company makes – in it's people.
To find out more about how Recrion can revolutionise the way you see your team – and they see you – contact us today! Or Call 01780 484910 for a FREE assessment of how much we could save you.
To see exactly what your employee attrition rate is really costing you, simply enter your contact details below, and we'll send you a free calculator!