IT’S NOT JUST THE COST OF DOING BUSINESS
The cost of employee turnover is preventable by hiring more effectively.
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It’s not inventory.
The loss of an employee does not just cost you money. It costs you time, morale, productivity, and more. The Harvard Business Review states that 75% of employee turnover is caused by a bad hire. That’s 75% of employee turnover that can be mitigated by implementing a more effective hiring process. A more effective hiring process doesn’t mean sourcing differently or improving your interviews or requiring more of your candidates. It means information. Acquiring as much information as you possibly can about a candidate will give you the best possible chance of hiring right the first time.
Go back to the beginning.
Hiring is the beginning of any employee relationship, and a bad hiring decision builds that relationship on a shaky foundation. No matter how much energy and resources you pour into developing the employee, you will not be able to overcome their lack of compatibility with the position. Inevitably, the stress associated with poor job fit will cause the relationship to collapse, and you will incur employee turnover. Without learning everything you can about a candidate before you hire them, you will be fighting an uphill battle as you hire ineffectively, pour resources into development, incur turnover, andrepeat the same inefficiency.
Never make an uninformed hiring decision again.
Talexes employee assessment data gives you a direct window into an employee’s behavior. By assessing personality traits and comparing them to known benchmarks for success in a given position, you will not have to guess whether he or she will be compatible with the position. When you eliminate the many costs of employee turnover before they have the opportunity to occur, you can spend your valuable time and resources on employee development, fostering a mutually beneficial relationship that will in turn boost your bottom line. Talassure pre-employment assessments are the tool you need to prevent turnover at the origin.