Why 50% of New Hires Quit within 120 days!
The Reasons Why New Employees Quit in the First 120 Days and How to Prevent It. Avoid these mistakes to retain new employees.
It is not unusual for 50 percent of an organisation’s employees to leave within 120 days of hire. If you then consider that the average cost to the business per new hire is around $10,000, you soon realise that this is a part you really want to get right!
Business owners have the best intentions and want to recruit well but find themselves struggling to find and keep the right people. They spend their valuable time, resources and money and often need to repeat the same process over and over again.
I‘ve learnt a thing or two over 20 years in the recruitment industry and I’m willing to share some insightful information on how to avoid common mistakes and get it right – The first time!
The recruitment process can be time-consuming, confusing and often ill-fated if you don’t follow a system. The good news is that I have created a proven method for success over the years; a system that breaks down the process into four key steps.
Follow this system and you will avoid the common mistakes and learn how to attract and retain the right people.
The key-steps are:
The key to getting who you want is knowing exactly who you are looking for. This step is essential and takes careful consideration of both skills and culture
Design a killer-campaign that will drive the right candidates to your application portal. Different strategies apply to different positions.
Conduct unbiased and thorough Interviews with your shortlisted candidates. Ensure to check references according to a set format
4. Set up for Success
If you have come this far, ensure your on-boarding processes don’t let you down! Documentation, induction and training are equally important, but is often neglected.
These 4 steps have been expanded in our 4-step Recruitment Hack Checklist
You can download it for free here.