Kicking Your Employee Retention Efforts into Overdrive: Stay Interviews, Pay Transparency, and Other Effective Strategies
-
-
Date
May 20, 2024 -
Time
15:00 PM EST -
Duration
75 Min
Overview:
It’s every manager’s
nightmare: One of your best employees turns in their resignation out of the
blue. You now have a number of challenges to manage on top of your daily
responsibilities. Not only do you have to find a replacement for the valued
employee, but you must also consider the impact the departure will have on the
rest of your staff. Additionally, employee departures usually result in current
employees having to pick up the responsibilities of the departing employee
resulting in employee frustration and lowered morale.
The bottom line is: It’s
more efficient to retain a qualified employee than to recruit, train and orient
a replacement employee of the same quality. Good retention starts at the time
you hire an employee and continues throughout the employee life cycle.
Session Highlight:
· Why is retention
important?
· Why do employees leave?
· Predictors of turnover
· 4 major reasons why employees leave
· Drivers of employee retention and turnover
· Developing retention strategies: Stay Interviews, Employee Engagement, Compensation, Recruitment, Pay Transparency
· Managing for retention
· Turnover myths
· Calculating employee retention
Why Should You Attend:
Whenever an employee
walks out the door, employees notice. Some will even start wondering if they
should start looking for a new job, too. The impact of employee turnover goes
beyond just dollars. If your organization is constantly recruiting due to high
employee turnover, you’re stuck in a cycle of hiring instead of engaging and
encouraging your high performers. That’s why employee retention and employee
job satisfaction should be high on every organization’s list of
priorities.
Some strategies
employers can use to retain employees include conducting stay interviews,
fostering pay transparency, increasing employee engagement and smart
onboarding, among others.
Participation in this
webinar will assist participants in understanding why employees leave and what
steps an organization can take to develop an effective retention program.
Who Should Attend:
· Senior Management
· Human Resources Professionals
· Payroll Professionals
· Compliance Professionals
· Compensation Professionals
· Recruiting Professionals
· Team Leads
· Operations Managers
· Managers & Supervisors
· Employees
Ask your question
directly from our expert during the Q&A session following the live event.
Diane L. Dee, President and Founder of Advantage HR Consulting, LLC is a senior Human Resources professional with over 30 years of experience in the HR arena. Diane’s background includes experience in HR consulting, training, and administration in corporate, government, consulting, and pro bono environments.
Diane founded Advantage HR Consulting in early 2016. Under Diane’s leadership, Advantage HR Consulting provides comprehensive, cost-effective Human Resources solutions for small to mid-sized public and private firms in the greater Chicagoland area. Diane also develops and conducts webinars on a wide variety of HR compliance and administrative topics for various training firms across the country. Additionally, Diane is the author of multiple white papers and e-books addressing various HR compliance topics.
Diane holds a Master Certificate in Human Resources from Cornell University’s School of Industrial and Labor Relations and has attained SPHR and SHRM-SCP certification. Diane is a member of the National Association of Women Business Owners and the Society for Human Resource Management. Additionally, Diane performs pro bono work through the Taproot Foundation assisting non-profit clients by integrating their Human Resources goals with their corporate strategies.
1.25 HRCI Credit Hours (Applied)