Price of Employee Turnover Infographic Employee turnover can put a damper on productivity, but a smooth employee onboarding process can make it easier to bring new employees up to speed in their new work environment and minimize the impact of employee turnover.   

4 Tips to Minimize the Impact of Employee Turnover

Employee turnover can be a significant productivity killer, due to the sometimes lengthy process of introducing new employees to the work environment. The organizational costs of employee turnover can run as high as 100 percent to 300 percent of the replaced employee’s salary. Employee turnover will happen, but a smooth employee onboarding process can make it easier to bring new employees up to speed in their new work environment and minimize the impact of employee turnover.

Learn how Dayforce HCM can make employee onboarding easier. 

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The Price of Turnover Infographic

  1. Measure engagement to find flight risks
    Check in with employees regularly. The more engagement is measured; the quicker flight risks can be identified and addressed.
  2. Augment the on-boarding processes
    Add information about your existing team. A team profile can provide clues how to effectively add a new team member.
  3. Improve initial communication
    Provide managers with information on their team members’ unique communication style, as well as tools and training to shift styles to match their employees.
  4. Promote your employee brand
    Use employee/manager tools, programs, and processes as marketing messages for your employment brand.  Make sure your employees, colleagues, and potential employees know your organization is focused on employees and is a great place to work.

Source: SHRM