Looking At Employee Retention Rates And How They Can Be Improved

As those employed by HR executive search agencies and really human resources consultants in general will probably be well aware of, job retention rates are quite troubling all throughout the United States. As a matter of fact, more than one fifth of all new hires are expected to leave their job within less than two months of the beginning it. Other data further backs up the fears that many companies and HR executive search agencies and human resources executive recruiters are currently experiencing.

For instance, the millennial generation has even become known as the job hopping generation. This title is not wholly unearned either, as up to 60% of all millennials who are currently employed have stated that they would leave their current job for a better on in a heartbeat. And just in the June of 2015, more than two and a half million people in this country had already left their jobs, marking a more than 20% jump in this staggering number from the prior year. And in the years that have transpired since, this problem has truly only become more and more profound. HR executive search agencies all throughout the country are growing more and more concerned.

Fortunately, more and more HR executive search agencies and like groups are taking the time to discover WHY exactly something like this is happening. It turns out there are a number of reasons – and a number of ways to combat them and even solve the problem entirely. For one thing, far too many people do not feel adequately encouraged, supported, and inspired in their various places of work. In fact, an incredibly small 20% of all employees in this country actually feel that their boss or superiors support them and are actively encouraging them to do their best possible work. For the rest of the working population, this is often very much not the case.

It is for this reason that HR executive search agencies and other such organizations are now recommending employee recognition programs. Already, a good deal of success has been had with instituting such programs into just about every workplace. After all, the statistics don’t lie, and they clearly show that more than 85% of all companies who have begun to include employee recognition programs in the workplace have had a favorable result, with the overall happiness of employees increasing considerably. And this overall increase in happiness is likely to lead to an increase in both productivity and quality of work.

Though many people might be surprised to believe it, diversity is actually also quite important when it comes to the success of a workplace and the willingness of its employees to stick it out for the long term (or at least for more than a few months). There are a number of different kinds of diversity, and both ethnic and gender diversity have been proven in a number of studies to have a positive impact on the overall workplace. The data that has been gathered on the subject more than backs up this claim.

For one thing, a gender diverse workplace has been found to be a much more successful one than a workplace that is not gender diverse. As a matter of fact, the gender diverse workplace will typically outperform a non gender diverse workplace by as much as 15%. But the ethnically diverse workplace ends up being even more wildly successful. As a matter of fact, an ethnically diverse workplace will actually outperform workplaces that are not ethnically diverse by a full 35% – and often on a regular basis, for that matter. There is no doubting the facts, therefore. Diversity can very much be key to a successful workplace environment – and to employees who genuinely enjoy working there, for that matter.

At the end of the day, there is so much to consider when it comes to employee retention, as HR executive search agencies are already more than aware of. These HR executive search agencies are paying more attention than every before to problems like employee retention rates and hopefully this can lead to change in the workplaces all throughout the country, at least in places where change matters most.

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