Importance of Staff Retention

Selection, training and retention of employees is a vital element for a successful organisation.

Simple recognition of employees as one of the most important assets in a company is integral to the success of the business. Managing employees correctly can save tens of thousands of dollars.

The real cost associated when we lose staff: Time, productivity, revenue, knowledge.

Employee dismissal costs	Recruitment costs	Selection costs	Hiring costs	Loss of productivity costs
1. Exit interview	1. Advertising	1. HR interview	1. HR administration	1. Vacancy costs, revenue, client disruption
2. Employee dismissal processing	2. Search & agency fees	2. Managerial interview	2. Managerial administration	2. Pre-departure productivity loss
3. Severance pay	3. Managerial pre-employment administration	3. Background & reference checks	3. Induction & orientation training	3. Learning curve
4. Stress and trauma	4. HR pre-employment administration	4. HR administration	4. Formal training	4. Errors & misunderstandings
	5. Miscellaneous correspondence, telephone etc.	5. Managerial administration	5. On-the-job training	5. Supervisory disruption
			6. Information security	6. Peer disruption

We can assist you to find the right staff. We can help you to retain them.

Supreme Executive

Importance of Staff Retention