With more than one fifth (around 22%, to be just a bit more specific) of all new hires here in the United States leaving these jobs not even two months after first starting them, it should come as no surprise that more and more organizations are considering employee retention rates as a serious matter of concern. As a matter of fact, more than 45% of all human resources professionals feel that this is the number one issue facing the working world today, followed only by matters of employee engagement. And more than 55% (around 57%, to again be just a bit more specific) of all organizations have also identified this as a growing problem.
After all, the cost of poor rates of employee retention can be quite high indeed for companies, businesses, and organizations all throughout the United States. In total, the costs of employee turnover add up quickly, as the company at which the employee was hired will end up paying as much as 150% of this employee’s salary during this time – and no less than 30% of it. And, in total, around $11 billion will be spent on matters related to employee turnover alone over the course of a single year here in the United States – and no matter what industry one might work for.
Fortunately, there are steps we can take to combat these matters and improve our working world. For one thing, hiring the right person can certainly go a long way when it comes to improving overall rates of employee retention, something that everyone from those employed at Dallas staffing agencies to those working for temp staffing companies elsewhere in the country can tell you. Unfortunately, hiring the wrong person for a job is an all too common occurrence and one that understandably leads to high rates of employee turnover. But even just taking the time to do a thorough background check can go a long way. For one thing, looking at various social media profiles that the candidate might have will be quite important, and now more than 90% of all companies will utilize a social media search when in the hiring process. After all, social media – and how someone utilizes it – can tell you a great deal about a candidate, perhaps more than you otherwise would have even realized.
Providing a well structured on boarding process will also be very important indeed. This process helps new hires to be as well prepared for their new job as they can possibly be. Without the presence of such a process – and an extensive process, for that matter – it is unfortunately true that far too many new hires will feel like they are not able to do their jobs to the best of their capabilities, something that can certainly feed into high levels of employee retention. But among those who have been lucky enough to undergo a well structured hiring process, there was a more than 55% (around 58%, to be more precise) likelihood that they would still be working for that same company after a span of a full three years.
Dallas staffing services and other such temp services can also play a big role in aiding companies through this crisis. After all, there are now up to three million temp and contract workers employed by Dallas staffing services and temp agencies all throughout the country. These Dallas staffing services can place employees on a temporary basis, allowing companies to find a more long term fit. The aid of Dallas staffing services grants them time to make the right call. And the employee placed by Dallas staffing services might even ultimately become a full time employee. By going through Dallas staffing services for employees, you can ensure that some level of employee screening has even already been accomplished. Therefore, it is clear to see that the role of Dallas staffing services can be critical for staffing your team, whether it is for staffing your business or staffing your company.