Did you know more than one-quarter of employees are in a high-retention-risk category? According to research from Willis Towers Watson, over one quarter of employees are at a high risk for turnover. Many of those people possess mission-critical skills and are top performers, or have potential to become top performers.
Nearly 70% of organizations report that staff turnover costs between 100-150% of an employees’ annual salary due to the cost of recruiting, hiring, and training a replacement employees that’s required until the organization can fill vacant positions.
In addition, a recent Gallup poll revealed that a vast majority of Millennials took new jobs at new companies, rather than advancing in their current organization. This movement has become known as the rise of the 'gig economy,' which reveals a systemic change in the way people view employment and career advancement.
Employee retention is a challenge for nearly every organization. Even the best leaders have a hard time keeping top talent. Although it may seem impossible to perfect a retention strategy, you can often make dramatic improvements.
The cost of recruiting and onboarding is a cohort of employees whose presence won't be easy (and in some cases impossible) to replace. The best strategy is to avoid losing them in the first place. This is where we can help!
The E&M Group has over 20 years experience retaining valued talent for organizations in the Aerospace, Automotive, and Oil and Gas industries! Our expert knowledge includes:
So let the E&M Group help your employees love your organization all over again! Contact us today for a no-obligation evaluation!