State of the Industries: Employers often want to ensure that new employees have the physical capability to perform their job duties. Because of the labor-intensive nature of these positions, employers then have financial costs associated with injured workers, insurance, and worker’s compensation. Between the costs of testing potential employees’ physical ability, protection against employee injury, and training employees in important safety procedures, the total cost of hiring can add up. Employers also rarely have several weeks to search for new workers, due to tight building or mining schedules. This can prove to be counterproductive or even hazardous, especially if employers hire workers without the desired skills out of desperation. Who do you think makes the most mistakes on the job? That’s right – new hires. Employee turnover affects project deadlines, project quality, and the often overlooked indirect expenses of negligence and inexperience. The high turnover rate, cost of hiring, and cost of hiring the wrong people are three reasons it is essential to retain the best people in construction, manufacturing, and mining.
How Can Retensa Help? We specialize in creating solutions that consider the circumstances of your industry and are tailored to fit the unique conditions at your company. Retensa can identify your company’s cost of turnover to accurately depict how much money you lose each year through voluntary turnover. We perform Retention Diagnostics for organizations, which will allow your management to see exactly where your company’s areas for improvement are. Retensa provides retention programs specifically for the Generation X population (people born between 1961 and 1981). When we find the root causes of low morale, high absenteeism, and employee turnover, we create solutions that work for your specific employee population.
Retensa can help you retain your best employees today. To talk to a retention expert, call us at (212)-545-1280 or email us here.