What We Can Do To Improve Employee Retention Rates

There is no doubt about it that employee retention rates have become a matter of concern all throughout the United States. After all, the data that has been gathered on the subject more than supports this claim. This data shows that more than two and a half million people (nearly three million people, for that matter) left their jobs on a voluntary basis by the June of 2015. This marked a considerable uptick in such behavior from years prior and is a trend that has unfortunately continued to remain prominent in the world as we know it, especially here in the United States.

It is the Millennial generation in which job retention rates are particularly low. After all, more than half of all Millennial employees found throughout the country (around 60% of them, to get just a bit more specific) have stated that they would willingly leave their currently held job if it meant that they were able to get a better job elsewhere. This activity and behavior has earned them the title of the “job hopping” generation. However, it is not really fair to shoulder Millennials with all of the blame for this issue, as there are a great many factors at play when it comes to rates of job retention as we see them here in the Untied States.

For one thing, there is not nearly enough diversity to be seen in workplaces throughout the country. Only around 5% of all top executives of Fortune 500 companies are currently women and this in and of itself was considered impressive and ground breaking. But while this is certainly a better number than in years past, we still have a lot of growing to do.

But more and more places of work are incorporating better diversity. And this diversity is something that is likely to pay off immensely at the end of the day. After all, companies and places of work where gender diversity has been focused on actually end up outperforming less diverse companies by as much as a full 15%. And companies that have focused on ethnic diversity do the same – but by as much as a full 35%, certainly no small number by any means. Therefore there is no denying the fact that gender diversity and ethnic diversity and truly all kinds of diversity can be hugely important in the working world as we know it.

Having a good skills match between employees and the positions that they are filling is hugely important. Unfortunately, more than 35% of surveyed top executives feel that hiring the wrong person for the role leads to most of the issues we face with employee retention issues. But employment agencies specializing in HR and the like can go a long way towards making such matters better, even if just slightly at first. But the impact of employment agencies specializing in HR can be much longer reaching at the end of the day. Employment agencies specializing in HR can help to reduce the chances that you’ll lose employees quickly after hiring them, as employment agencies specializing in HR can help you to refine your hiring process impressively.

And employment agencies specializing in HR are growing more and more common all throughout the United States. As a matter of fact, services provided by organizations such as the outplacement consulting company also matter, sometimes just as much as those provided by the employment agencies specializing in HR. Restructuring the hiring process with the aide of employment agencies specializing in HR is something that a great many can benefit from indeed.

Another issue faced in the workplace is that of employee motivation. Only around 20% of all people working in the United States actually feel that they are getting enough support from their superiors. This means that 80% are not getting the encouragement they need to do the best work that they can. Fortunately, putting an employee recognition program into place can increase the overall levels of employee happiness seen throughout the company, something that holds true in more than 85% of all cases. This just goes to show that even making small changes can be hugely beneficial in the end.

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