Employee Retention Strategies Focus On More Than Just Salary
Utilizing the Predictive Index in Your Employee Retention Strategies
When you keep employees for longer than the average amount of time your competition does, you’re not only beating them in retention, you’re also more likely to be topping them in productivity. Addressing your employee retention strategies on a regular basis is the best way to keep your high performers around for longer.
Retention is a metric every self-aware organization will track because it’s one of the more valuable ones. Think about the time, energy and money you sink into finding the right candidates, onboarding them and training them to become company assets. Now, think about all that time and money walking out the door when they realize they don’t fit in with your company culture.
Employee retention strategies start before your employees are even offered a job. The way in which you market your brand should entice the right person to apply. That’s step #1 in hiring smarter.
Then, once you’ve attracted the right candidates, you have to ask them the right questions in their interview or you’re not going to know with whom you’re dealing. These questions can lean heavily toward answers that will reveal how they’ll fit in with your company culture.
If you’ve done your research, you know that your employee retention strategies can’t be too heavily influenced by salary and benefits alone. While it’s important to make sure you’re not offering less than your competition, employees today are also looking for options, such as work-from-home opportunities, education perks and training benefits that will help them further their career.
The Predictive Index is a proven method of hiring the right people the first time. It doesn’t matter what industry you’re in, the Predictive Index will work for you. At PI Consulting Group, we’ve found that 98 percent of our clients feel that our methods have enhanced the way they hire. Seventy percent say utilizing our solutions help them remove bias and subjectivity from the hiring process.
Not only does the Predictive Index help you find the right people, it also helps you identify who will work together on teams more productively. It completely takes out the guesswork and allows you to make fact-based decisions about who goes on what team.
Contact us today and let’s discuss how our methods have worked for our other clients and how they’re going to work for you.