It’s no big secret that on average,
companies loose three times the salary of a new hire that doesn’t stay with the
organization. The cost of losing an employee actually starts long before the
individual leaves. It’s the cost
associated with disengagement, when passion and energy are no longer
invested in the workplace. The bottom line is that, while economic realities do
play a role, if total compensation satisfies one’s requirements, an employee is
not likely to leave for this reason alone. The leader makes the difference.
You’ve probably heard it before but “people
don't leave companies they leave managers." Of course there is much truth
to this - nobody wants to work for an uncaring, difficult manager. However,
this is not the only reason people decide to leave companies.
During the hiring process it’s important that employers should focus their
efforts on acquiring candidates who are not just skilled for the position, but
are also a strong cultural fit for the company. Think about the difference in
an employee's life, if they worked in a job that utilized
their talents to the fullest capacity. If your company are able to employ
workers that are interested and engaged, you are developing new talents for
long-term potential. This will drive the company’s success.
In many organizations career opportunities are
driven by hierarchy. Although this is important to grow leaders for the future,
it also means that an opportunity
is over looked to tap into the hidden skills, passion and interest of your
workforce. Very few organization invests as much in its internal career
management platforms and practices as it does in external recruitment.
New-age corporate culture is reshaping ordinary offices
and companies are forced to take a closer look at the work environment. The
"non-compensation" and "non-job" factors are bigger than
ever. People want to enjoy their work but also be able to balance their home
life. Allowing flexible starting times, core business hours and flexible ending
times are just some ways to create a positive work environment for all.
Not all turnover is bad; new blood is
healthy, and new employees can bring fresh ideas to their companies. But losing
a valuable employee costs a business in time, money, and stress to other
Are you looking for new talent to add to
your team or need to replace a team member? We can assist. Communicate
Recruitment is a specialist recruitment agency, with the very best recruiters.
We specialise in the sourcing of top candidates in the Finance, IT, Engineering
and Supply Chain/Freight industries, both for permanent and contracting
placements throughout South Africa, and the African continent.
Credit: FreeDigitalPhotos.net by arztsamui