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Recrion tests the employment weather with new barometer
IN the economic downturn, the last thing employers want to be doing is losing the staff they have paid a lot of money to recruit.
IN the economic downturn, the last thing employers want to be doing is losing the staff they have paid a lot of money to recruit.Successful Stamford-based HR consultancy Recrion has come up with a solution that should make them sit up. It’s known as the Employee Engagement Barometer.
The headaches that high staff turnover can cause are well-known. The huge investment in recruitment, induction and training of quality candidates can seem to have been all for nothing if they leave before they’ve really fulfilled their potential.
In fact, the cost of losing an employee within the first six months of employment has been estimated at as much as twice their annual salary. Yet in some sectors, dealing with a highly transient workforce has almost become accepted as the norm.
Recrion, already highly regarded for its talent management expertise, and a finalist in two regional business awards this year, has successfully challenged this view and created a new focus on increasing staff retention.
Managing director Katherine Wiid, pictured, said: “We knew from past experience that many companies were incurring huge costs simply from back-filling vacated positions; often on an alarmingly regular basis. We needed to find a way to identify the root causes of these high levels of attrition, and to spot those employees with a high potential to leave; and so we developed our Employee Engagement Barometer.
“The baromoter goes much further than the traditional exit interview strategy, and actually begins by interviewing employees when they first join a company. Speaking candidly at this early stage can shed invaluable light on how the employee feels the impression given during the recruitment process is borne 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.”
Taking the input from these early interviews, Recrion has been able to work side by side with employers to develop retention programmes that really deliver what the employees value: increased job-satisfaction, better promotion opportunities and clearer communication.
And the benefits to the employers are clear. A measurable, manageable way to reduce the cost of high staff turnover dramatically, and to improve their employees’ performance and output – meaning their budget can be invested in high-return talent management and retention projects, rather than negative “recruit to replace” programmes.
n For more information on how you can work with Recrion to create a tailor-made solution to your staff turnover issues, visit www.recrion.co.uk, or call 01780 484910.
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Sunday 12 February 2012
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