Reducing Turnover | Revisiting Your Interviewing Phase
While employment rates may be increasing, employee turnover is also on the rise as resignations increase and employers struggle to retain employees (1) . Turnover can be a positive event for employers as it gives them the opportunity to bring in fresh talent and reassess engagement strategies, but turnover can be extremely expensive to employers. With turnover across industries peaking in the month of September, employers are searching for ways to minimize future turnover and, ultimately, to improve their bottom lines.
While managing voluntary resignations may seem to be ‘out of your control’, in actuality, there are many things that can be done to minimize turnover.