Is Your Company Having a Difficult Time Keeping Its Best Hires?

April 3, 2017

Is Your Company Having a Difficult Time Keeping Its Best Hires?

Hr executive search firms

An executive outplacement agency can help find a good match between qualified job candidates and dedicated companies that want to learn how to keep their top hires. In a time then as many as 2.7 million workers voluntarily left their jobs at the end of June 2015, this 25% increase, when compared to 2013, can be very alarming. Spending the time and money that it can take to find a good hire is wasted when that perceived good hire does not last. In fact, a string of unsuccessful and short term hires can be both financially and emotionally devastating to a company.
What is your company doing to make sure that you are not only finding the best matches for your employment opportunities, but also putting plans in place to make sure that those good hires stay? For some companies, both large and small, answer is to work with an executive placement agency that also focuses on a variety of other needs like providing strategic human resources consultants. Having a working and understandable employee recognition program in place, for instance, can provide incentives for your top workers to stay. In addition, the clear explanation of expectations is also important.
Did you know, for instance, that one-third of 1,400 executives surveyed by the Robert Half group indicated that the top factor to a failed hire, aside from performance issues, is a poor skills match? Interestingly enough, the second most common reason, in fact 30%, was unclear performance objectives. You may see an executive placement agency as a service that can help an individual find the job that they are looking for, and while this is true, the best executive placement agency can also offer many other services to employers, as well as those seeking jobs. Understanding, for example, that many factors play a role in creating a healthy work environment can be the first step toward keeping your best staff members both productive and satisfied.
Although 86% of companies with employee recognition programs indicate an increase in worker happiness, the makeup of the work force is also an important factor in employee retention. In fact, some very specific research indicates that gender-diverse companies are 15% more likely to outperform their peers. Perhaps even more important, ethnically-diverse companies are 35% more likely to do the same.
The next time your large or small company finds itself in the position of trying to fill some key executive positions, remember to look as closely at the culture and ethnicity of your current company and staff as you look at the necessary qualifications of any candidate that you are considering.

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