Turnover & Retention Nightmares

Every HR has them and so does yours or you probably wouldn’t even be on LinkedIn. The solution is simple; if the company can come to terms with the fact that these paradigm need to shift – “our benefits are good enough” or “we can’t change the benefits because it’s too costly”. The scenario is simple you have a tub of water, an outlet and a tap. If the out let is larger than the inlet; you will never fill the tub. If you can reduce the outlet as much as possible, then eventually you will save so much water since even a small flow will fill the tub.

Solution: X + Y < Z; where X is recruitment, Y is Employee Engagement and Z is Turnover.

And how do I know this? Because that was how the company I worked for earned the Hewitt Best Employer in 2009. Unfortunately It has not been the easiest movement to get companies to focus on Employee Engagement or enhancing Benefits. Which is how I ended up writing this simple and straightforward article.

So please, do your company a favor and go and plug that outlet so you can start to save some water.