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Employee Retention Begins With

Employee Retention Begins With. The Offer Letter. September 6, 2013. TalentWise : At A Glance. TalentWise has transformed one of the most critical tasks that every company depends upon for success: hiring new employees.

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Employee Retention Begins With

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  1. Employee Retention Begins With The Offer Letter September 6, 2013

  2. TalentWise: At A Glance TalentWise has transformed one of the most critical tasks that every company depends upon for success: hiring new employees. Automates the hiring process from start to finish with compliance built in. Allows HR to manage offers, screen and onboard with just a single solution.

  3. The HCM Landscape Hiring Offer Screening Onboarding Recruitment Offer Screening Onboarding Performance Employee Retention Employee Retention

  4. Retention Matters 100% $120K Cost of Turnover 150% Productivity 8 months $80K Annual Salary 70%

  5. The Millennial Factor Technology focused • Easier access to new job opportunities. Lower tolerance • More apt to walk if they don’t like the experience. Longevity • Shortened duration of time with company. • Job hopping.

  6. 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 The New Reality In 2014, Millennials will be 47% of the workforce. In 2025, in just 12 years, they will be 75% of the workforce. They are departing their employers every 2.3 years. 2.3 years

  7. The First Day Difference "There are only two days you really remember on the job—the first day and your last." Source: “Companies Try to Make the First Day for New Hires More Fun.” The Wall Street Journal, Rachel Emma Silverman, May 28, 2013, Morgan Hoogvelt, director of talent acquisition at Clear Channel Communications Inc.

  8. First Year Employee Retention Best-in-Class Onboarders: 91% of first-year employees were retained. Onboarding Laggards: Only 30% of first-year employees were retained. , March 2013

  9. Increase Your Retention Rates Your Call to Action • Audit your hiring process. • Optimize your hiring process. • Automate you hiring process. • Measure results for continuous improvement.

  10. @TalentWise www.TalentWise.com

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