What do you look for when hiring a new employee? This simple question can change the entire way you look at business. HR executive recruiters have mastered the art of this question and made an entire industry out of seeking out the most effective hires for businesses of all shapes and sizes. They put an emphasis on cooperation, spotting potential problems easily and making sure communication is established early in the game. All in all? They’re an ideal resource in industries struggling under the weight of seemingly non-stop employee turnover.
Before you consider adding a career placement agency to your to-do list, learn more about what’s tripping up so many businesses below to ensure you don’t have to deal with any more wasted effort.
The Rise Of Employee Turnover
Employee turnover sees businesses losing millions of dollars every year. This term describes the phenomenon of employees leaving prematurely, causing companies to scramble to fill the gap. Marketing, hiring, training, supplying…at the risk of redundancy, preventing employee turnover is a major sticking point for many. Over two million workers voluntarily left their jobs back in 2015, a 25% increase compared to just two years prior. This is where a professional job placement service comes in.
The Job Hopping Generation
Why have things changed? There are a few answers to look at. According to a recent Gallup poll, Millennials are considered by many to be the ‘Job Hopping Generation’ — this is due to six out of 10 being open to applying to another job at any given point in time. This is astronomically higher than generations prior. Another Gallup poll saw only two out of 10 workers believing their manager is doing a good job of encouraging them to do well.
The Benefit Of Diversity
Where does diversity come into this? Turns out going out of your way to actively seek out qualified applicants from a wide variety of backgrounds encourages higher rates of success. McKinsey’s research has seen gender-diverse companies outperforming their peers by 15% more. Ethnically-diverse companies? Even more likely to do so. Sociologists have cited the more varied perspectives and skill-sets brought to the table than more homogeneous teams.
The Impact Of Employee Happiness
Unhappy employees are often a result of an unhappy work environment. An unhappy work environment means more employees leave. See the vicious circle? Over 85% of companies with employee recognition programs in place have seen a notable increase in worker happiness. Likewise, a more supportive and encouraging attitude on the behalf of managers has been found to do wonders for an employee’s sense of worth in the company.
It’s Time To Hire An Outplacement Company
HR executive recruiters are not just familiar with the outline above. They live and breathe it. A job placement agency can nip common issues in the bud and make sure that a hire is as accurate as possible from the get-go. A survey provided by Robert Half saw one-third of the over 1,400 executives surveyed feeling that the most significant factor leading to a failed hire was a poor skills match. The second most common reason was unclear objectives. Needless to say, these can be prevented early on.
Nobody likes employee turnover. Not businesses, not employees who have to go back on the job market. Look into HR executive recruiters or an outplacement service let them help you learn how to help yourself all days of the year.