There are businesses across the United States that struggle to find success every year. However, these businesses are more often than not looking in the wrong places for their success. Sometimes success can be found by way of hiring the right employees and taking advantage of the right employment opportunities!
Just about 86% of companies with employee recognition programs cite an increase in worker happiness. Hiring in the right type of employee is important but means nothing if you fail to retain this employee and they end up leaving. This is one of the most difficult problems that businesses must deal with as they move forward.
Just about 57% of organizations view employee retention as a problem. So this is a problem that plenty of businesses have a serious issue with. Understand that nearly 22% of new hires leave their jobs within 45 days of being hired. Here are all of the ways that businesses can properly utilize their employment opportunities.
Avoid Employee Retention
One of the most important ways for businesses to avoid employee retention problems is by hiring the right employees and keeping them happy. This even means using temp agencies if you need to do so. These types of agencies can help provide temporary to permanent jobs which are quite prevalent in the United States. More than 3 million temporary and contract employees work for America’s staffing companies during an average week.
The costs of employee turnover range from 30% to 150% of the employee’s salary. So this means that businesses are going to lose out on a good chunk of change when employees abruptly leave their job. Understand that businesses across the country lose out on nearly $11 billion every single year because of this problem. Make sure that you fully utilize your employment opportunities to get the right workers that will be loyal to your business.
New hires that undergo a structured on-boarding program are 58% more likely to be with the company after three years. This means that plenty of businesses have decided to move towards fixing these problems so that they can have a more sustained version of success. Do not feel alone because 46% of human resources professionals say retention is their greatest concern, followed by employee engagement at 36%.
Get Help From Job Placement Agencies
One of the best ways for a corporation or a smaller scale business to get the most out of their employment opportunities is to just simply hire talented human resources consults. That way, they can not only get help with hiring employees but can move forward learning what kind of tactics are most effective. When staffing your business, hiring the best people for the job is one of the most important steps in the hiring process.
Just about 93% of recruiters look at a candidate’s social media profile. This is not what all businesses do, but they definitely should. Many experts believe this is a good way to determine what kind of person an employee might be and if they are loyal or not to the company.
It is really important that businesses try to understand what type of human resources strategies are best for hiring. McKinsey’s research shows that gender-diverse companies are 15% more likely to outperform their peers and ethnically-diverse companies are 35% more likely to do the same. This is the type of information that can help businesses have the most success possible.
Any business that is looking to have success just needs to understand what kind of strategies work best when hiring. then, they can move forward with getting loyal and hard working employees!