Tips for Retaining New Employees

Hiring a new employee is a delicate process which takes time, money, and effort! Society for Human Resource Management (SHRM) has found that hiring a new employee can cost an average of $4,129, or up to 20% of their annualized salary. SHRM also found the hiring process typically takes 42 days. Finding that perfect placement is crucial, however, once you have found them the work is far from over. According to Tinypulse’s research, 22% of employees leave within the first 45 days of starting a new job. Your company needs a strong and effective onboarding process that goes beyond the new-hire paperwork, otherwise you’re setting up your organization and your new employee for failure. How can you effectively retain your newest talent?

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Retain Top Talent; Keep Your Employees Engaged!

The key to sustaining your company’s growth heavily relies on the engagement of your employees. In Gallup’s latest State of the American Workplace Report, only 33% of employees are engaged at work. Your company has successfully hired top talent candidates and in order to retain them you should aid in helping them feel appreciated, respected and worthwhile. What steps can you take to put an action plan into place to keep employees engaged and retain your top talent?

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