How to Manage Attrition Levels
May 11, 2008 · Print This Article
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By Julia Mcvey
One of the biggest costs for most employers in today’s market place is recruitment of quality staff. In order to reduce this cost every organization should have in place ‘staff retention action plans’. To achieve this detailed trend analysis will be required specifically looking at:
• The time line – at what point in a career do people want to move on
• What is the leavers profile – age range – position – lifestyle - ambitions
• Exit interviews – detailed questioning of the employees reasons for leaving (not by a line manager)
• Is there a particular time of year when attrition levels are high
• What is the skills base of the leaver and how did this match their role
• identify a profile of employees who stay for more than two years
From this analysis organizations can:
• Introduce career planning and coaching before a valued employee thinks of moving on
• Review values and culture of organization to improve environment
• Crank up recruitment plans when required in preparation for any seasonal factors
• Review recruitment process to ensure that the right skills base is being recruited and match to profiles of employees who are add value to the organization.
Finding the right person is less than easy and many organizations forget that the process of recruitment involves selling the organization to the prospective employee.
What benefits will the employee get from working for the organization? Surprisingly, money is actually way down the priority list for many people once they can cover what they need to live. Martin Seligman author of Authentic Happiness writes “Law is now the most highly paid profession in
Seligman goes on to explain that people are most happy when they have a calling or vocation - something to do that provides gratification for its own sake. This gratification can come from any type of task if it is viewed as being valued by an individual or an organization. For example, answering call after call in a busy call centre may seem repetitive and valueless to an employee. If the task can be reframed to focus on the assistance and quality service which is viewed as valuable by the customer and organization, the sense of gratification will become important to the employee and thus happiness will ensue.
Julia McVey is a professional coach with many years experience working at senior management level. Her passion in life is to release the hidden potential in people. http://www.u-canlifecoaching.com
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