Trends In Attracting and Retaining Top Talent

  • View
    43

  • Download
    0

Embed Size (px)

Text of Trends In Attracting and Retaining Top Talent

  1. 1. Brian Martin HR Director Luxa Enterprises LLC.
  2. 2. Turnover Costs Turnover seems to vary by wage and role of employee. For example, a *CAP study found average costs to replace an employee are: 16% of annual salary for high-turnover, low-paying jobs (earning under $30,000 a year). For example, the cost to replace a $10/hour retail employee would be $3,328. 20% of annual salary for mid-range positions (earning $30,000 to $50,000 a year). For example, the cost to replace a $40k manager would be $8,000. Up to 213% of annual salary for highly educated executive positions. For example, the cost to replace a $100k CEO is $213,000. *Center for American Progress Nov 2012
  3. 3. Attracting Talent A well established brand and a lively culture
  4. 4. Attracting Talent Transparency is also key
  5. 5. Attracting Talent Meet candidates where they are
  6. 6. Attracting Talent Use a Multitude of Sources
  7. 7. Attracting Talent Set Competitive Wages
  8. 8. Attracting Talent Attractive Benefit Packages
  9. 9. Retaining Talent Conduct a flight-risk assessment
  10. 10. Retaining Talent Take the Temperature
  11. 11. Retaining Talent Re-Energize the Workplace!
  12. 12. Retaining Talent Prepare the Stay Offer
  13. 13. Questions?? Thank You!