While most companies have a healthy top-of-the-line post-pandemic, their growth is severely limited by the ability to retain talent. And, without the ability to grow the workforce, added pressures are placed on existing employees, exacerbating mental health challenges and the retention problem.
Employee Turnover is an expensive problem. It limits growth opportunities and causes stress, morale problems, customer dissatisfaction, lawsuits, and brand damage.
Compensation challenges, the demand for job flexibility, an unwillingness to 'come to work', cost of living, and other factors are driving the turnover.
In order to fight against this challenge, employers need to better understand the costs and opportunities related to turnover, have and share their compensation philosophy, consider new ways to engage employees, and more.
Employee Turnover is an expensive problem. It limits growth opportunities and causes stress, morale problems, customer dissatisfaction, lawsuits, and brand damage.
Compensation challenges, the demand for job flexibility, an unwillingness to 'come to work', cost of living, and other factors are driving the turnover.
In order to fight against this challenge, employers need to better understand the costs and opportunities related to turnover, have and share their compensation philosophy, consider new ways to engage employees, and more.
Why you should Attend
The economy has recovered from the Pandemic but employers are still faced with the consequences of the Great Quit, demand for higher wages, and work flexibility. Employers are facing a significant labor shortage, magnifying the consequences of employee turnover.Areas Covered in the Session
- The data around employee turnover
- How to calculate the true costs of employee turnover
- The Entrance Interview
- The onboarding experience
- Compensation challenges
- How to spend money wisely when trying to engage and retain employees
- How software programs can help
