This New Hire Looks Like a Treat
Organizations everywhere are searching for better ways to select top talent. The selection of top performing employees is more crucial than ever before. The cost of hiring, training, and retaining top employees is continually increasing due to competitive pressure. Businesses are trying to avoid costly hiring mistakes and are turning to selection tools for assistance in hiring and performance improvement.
Selection tools are a great competitive advantage in hiring. When used properly they can decrease hiring mistakes and reduce turnover, while increasing retention, productivity, morale and job satisfaction.
But You've Been Tricked!
Let's face it, hiring mistakes happen and management is not an easy job. But before you go running and screaming into the night, there is an affordable, easy and proven solution.
With the right understanding of a candidate's behaviors and motivators, a manager can besuccessful from every angle. We can help managers at any level to develop the skills that every leader needs to know. Employing managers who understand themselves and the people they mange is vital to your organization's success. Organizations that grasp this are frequently named in lists of "the best companies to work for" that intermittently appear in national and local business publications. The leaders of these organizations use defined performance management processes to identify, develop and reward individual talents.Turnover Rates Driving You Batty?
Turnover Rates Driving You Batty?
According to the Society for Human Resource Management (SHRM) all companies experience an average turnover rate of 18%.
Industry break down is as follows:
• Wholesale/Retail 33.8%
• Service (profit & non-profit) 45.9%
• High Tech 24.6%
• Financial Services 19.7% |
The top three reasons cited as an employee's voluntary exit are to:
• Pursue better career opportunities
• Acquire better compensation
• Avoid boredom |
| Involuntary reasons include:
• Poor performance
• Selecting the wrong candidate
• Poor communication |
Another SHRM study estimates the cost of turnover to be $32,226.00 for just one employee. An industry report suggests that resulting low productivity can last up to 16days. If that doesn't send a chill up and down your spine, nothing will.
Just Say Boo to Spooky Hiring Costs
Soaring hiring costs won't stand a ghost of a chance when you implement
benchmarking
and an improved, more systematic and targeted hiring process.
This powerful “potion”
can
dramatically reduce those spooky hiring costs.
Using this system, a company in Houston, Texas reduced turnover by 75%. As a bonus, sales increased by 50%. Using the same system a Canadian company increased profitability by a bewitching 96%!
How Performance Strategies, Inc. Can Reduce Your Fear:
We have over twenty years in hiring, training, coaching, and developing employees for leadership, management, and higher productivity. As co-founder of the highly successful Provino's and Scalinis' Italian Restaurants and over 10 years in Human Resources, we bring both business experience and a unique understanding of people to help ensure your success.
Staying on track is an important part of the process. Four factors are necessary for an
effective, continuous improvement plan:
• Commitment
• Accountability
• Coaching
• Follow-up
PSI offers a variety of assessments, tools and processes to help individuals and
organizations reach optimal success. With our experience in government, hospitality,manufacturing, medical, and education – not to mention dozens of other industries – you can be sure we can help you take your team to the next level. Call us at 404.320.7834 or 1.800.906.7834 today for a no obligation consultation. If you're looking for an affordable yet effective way to reduce costs, improve productivity and increase profits, then we want to hear from you.

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