All throughout the United States, the issue of job retention is one that is becoming more and more prevalent as time passes on. As a matter of fact, the data that has been gathered on this subject is more than in support of this claim. This data shows that, after all, more than half (around 60%, to be just a little bit more specific) of all millennial employees are now willing to take a new job and leave their old one behind at the drop of a hat, specifically if the new job is able to offer them something that the old job just cannot. This is something that can be seen quite clearly in the fact that more than two and a half million employees left their jobs on a voluntary basis throughout the June of 2015 alone. Unfortunately, this marked a more than one quarter increase in such behavior in comparison to just two years in the past. And in the years that have followed since, this behavior has only continued to grow.
Fortunately, there are many ways to combat this behavior and working off of something like an HR startup checklist is a great way to make sure that your business is set up for success. When working off of an HR startup checklist and utilizing other HR services for startups, it will be important to first solidify your hiring process, something that an HR startup checklist can help you out with. After all, failed hires are considered to be, at least to 36% of surveyed top executives, the main factor behind poor job retention rates, followed only by organizational issues surrounding unclear performance objectives. After all, when the right person is not hired for the job, it is most certainly far less likely that they will succeed in that role. Therefore, utilizing something like an HR startup checklist can help you to firm up your hiring process to make sure that the above does not become a problem for your own company.
Improving diversity initiatives for hiring is also hugely important, and is something that an HR startup checklist can help with. After all, just about any HR consultant out there can tell you the value of diversity, as the data gathered on the subject has been quite clear as well. This data has shown that more than gender diverse workplaces alone can help to boost performance by as much as a full 15%, at least in comparison to other places of work that are not nearly as diverse. In addition to this, HR structure models have found that a more than 35% jump in performance can be obtained when ethnic diversity is present in just about any workplace. Already, up to 5% of all Fortune 500 CEOs are women, a number that is growing and growing with each and every year that passes us by.
In addition to this, issues of employee retention can be traced back to dipping rates of employee happiness and support. This is something that can be directly tied to the fact that up to 80% of all United States employees feel that they are not being adequately supported and encouraged to do their best work by their superiors, something that is likely to breed apathy and a propensity for employees to take jobs elsewhere. Fortunately, using an HR startup checklist can be hugely beneficial, as the suggestions offered on an HR startup checklist are known to be quite effective. For instance, even just putting an employee recognition program of some sort into play is likely to be hugely beneficial, with up to 86% of all companies and places of business reporting favorable results in terms of employee happiness. And when employees are happy, job retention rates are likely to improve. So too might things like overall levels of productivity as well as overall quality of work, two things that are certainly just as important as employee retention.
There are many issues facing companies in regards to employee retention here in the United States, of this there is just no doubt. Fortunately, there are steps we can take to combat them thoroughly.