Post by account_disabled on Feb 22, 2024 3:37:21 GMT -5
Today's professionals seek dynamism and learning possibilities in different economic sectors. On the one hand, this has its positive points, but on the other, it can end up increasing the level of turnover. If you're looking to increase your employee engagement and improve your company's performance, check out the information we've gathered in today's post! What will you read in this article? What is turnover? What is its impact on the company? How to reduce turnover? What is turnover? We call turnover the index that measures the turnover of a company's employees . The calculation is quite simple: divide the number of dismissals in the period by the total number of employees in the same period of time. As there are several reasons that lead to an employee leaving your establishment, it is customary to classify turnover as voluntary and involuntary. Voluntary — when the employee resigns because he found another job, moved to another city, opened his own company or for any other reason. Involuntary — when the employee is terminated on the company's initiative, whether due to poor performance, lack of discipline or misconduct.
What is its impact on the company? Here, it is important to keep in mind that, both in the case of voluntary and involuntary dismissals, there is always a cost to the company . This expense can occur in the form of fines and compensation for dismissal or a drop in productivity resulting from the need to train new team members. To identify Belarus Mobile Number List what type of dismissal is most common in your business and reduce employee turnover as much as possible, it is possible to adopt some simple but effective measures. How to reduce turnover? Now that you better understand the concept of turnover and understand the importance of measuring it in your company, we have listed some measures that can help you reduce this rate. Hire correctly — this is one of the points most reinforced by experts. When interviewing potential employees , look not only at the candidate's technical skills, but also try to assess whether their profile fits into the company's culture.
Develop a career plan — people want to feel challenged and encouraged to grow. If your company has a solid and well-structured career plan , which gives employees a clear path to follow for professional development, they will not feel stagnant in the company and will think twice before leaving. Offer benefits — in addition to salary compensation, try to work with the human resources department to create a benefits and rewards plan for your team. Try to establish partnerships with other companies to offer mutual benefits to employees of both. Invest in training — just like the career plan, investing in the constant training of your team keeps your employees motivated, creating a perception of constant learning and personal and professional growth. Provide a pleasant environment — offering a pleasant and well-maintained environment , in which people feel safe and comfortable, will make your employees perform their work in a more optimized way.
What is its impact on the company? Here, it is important to keep in mind that, both in the case of voluntary and involuntary dismissals, there is always a cost to the company . This expense can occur in the form of fines and compensation for dismissal or a drop in productivity resulting from the need to train new team members. To identify Belarus Mobile Number List what type of dismissal is most common in your business and reduce employee turnover as much as possible, it is possible to adopt some simple but effective measures. How to reduce turnover? Now that you better understand the concept of turnover and understand the importance of measuring it in your company, we have listed some measures that can help you reduce this rate. Hire correctly — this is one of the points most reinforced by experts. When interviewing potential employees , look not only at the candidate's technical skills, but also try to assess whether their profile fits into the company's culture.
Develop a career plan — people want to feel challenged and encouraged to grow. If your company has a solid and well-structured career plan , which gives employees a clear path to follow for professional development, they will not feel stagnant in the company and will think twice before leaving. Offer benefits — in addition to salary compensation, try to work with the human resources department to create a benefits and rewards plan for your team. Try to establish partnerships with other companies to offer mutual benefits to employees of both. Invest in training — just like the career plan, investing in the constant training of your team keeps your employees motivated, creating a perception of constant learning and personal and professional growth. Provide a pleasant environment — offering a pleasant and well-maintained environment , in which people feel safe and comfortable, will make your employees perform their work in a more optimized way.