If you inquire any CEO which people today-similar challenge retains them up at night time, the response will most likely be turnover. Present traits apart, turnover has constantly been one particular of the most high-priced troubles going through any business. In 2019 (pre-pandemic and pre-Excellent Resignation), a Gallup study identified as it a “fixable issue” that “will value U.S. companies $1 trillion.” Employees are often likely to be the most crucial asset a enterprise has, but successful retention procedures frequently feel marginally out of attain. In the end, most retention methods are crammed with sense-fantastic strategies that fizzle when measured from results info.
There are no great answers to fix worker turnover. And if you imagine some scientists, like individuals about at Emsi, demographic adjustments are leading to what may well develop into a extensive-time period worker scarcity. What’s a business to do when faced with troubles like these? A single suggestion: Making use of an Applicant Tracking Technique (ATS) to strengthen function alignment between candidates.