Tips to Reduce Turnover

Second, use a job fit assessment to match the right people to the right job. A person may interview well, have the right education and background, but doesn’t mean they fit the job. Find out if they have the same profile as your top performers. To do this is very simple with the employee assessment tools available. They are easy to use and understand, and will help you determine if the candidate fits the job. Average time is about 30 minutes with a cost under $100.

Third, do employee evaluations regularly. People need feedback, good or bad. How can we expect change if we don’t communicate? Use a simple online system, so administration is a snap and there are no excuses for not getting them done. Remember, people leave supervisors, not companies. They take about an hour to prepare and about the same to present, with a cost of about $25.

Finally, implement an employee recognition program. Reward employees with gifts on service anniversaries or to recognize significant achievements. People need this recognition and, once again, there are all sorts of online employee recognition programs that are easy to implement. You control the budget but a nice $25 gift says a lot and only takes a few minutes to do. Most importantly, say thank you. It’s free and it goes a long way to making people feel happy and appreciated.

So for a modest investment and very little time, you can reduce employee turnover significantly. That will give you a substantial return, given the high cost of turnover. If you are a company suffering from high turnover, take a look at these four easy steps and get on the road to improvement.