According to a recent, UK-based study, it costs over £30,000 to replace a member of staff. (Oxford Economics, 2014)
This cost is made up of two elements – lost output while a replacement gets up to speed and the cost of recruiting and taking on a new worker. (HR Review, 2014)
This presents a strong case for investing in developing a pro-active approach to employee retention.
Employees are less likely to tell you how they really think and feel about their job at the time that you most need to know – when they are losing motivation and heading for the door. We call these your ‘at risk employees’.
We can help you identify your ‘at risk employees’ as early as possible, unearth the real reasons for their dissatisfaction and help you create an action plan to recover the situation. The resulting insights can also inform an employee retention strategy to help minimise staff turnover and keep team morale tiptop.
We engage with existing, at risk and former employees and use a range of approaches to provide you with independent, evidence-based employee retention insights including:
Interested in finding out more?
Give us a call or drop us an email – 01865 596771 / firstname.lastname@example.org