Struggling with higher turnover rates for first-year employees? Discover how a Realistic Job Preview (RJP) will educate and attract high potential talent.
Cover photo by Brett Jordan on Unsplash
Before we introduce the potential of realistic job previews let's look at how turnover unfolds up close.
Imagine a thriving company where employees feel valued and motivated. Now, picture Sarah, a top-performing and newly hired sales manager. After a year with the company she restarts her job search and decides to leave for a competitor. There were a few reasons for her decision, namely that the compensation plan was different from what she believed it would be at the outset, and she was expected to spend more time on non-sales activities than she had before.
The immediate financial impact of Sarah's decision is sobering. The company must invest in recruiting, hiring, and training a replacement, which can cost up to 150% of Sarah's annual salary. Meanwhile, productivity dips as the team adjusts to the change, and sales targets are missed.
But the costs go beyond the financial. Sarah's departure sends ripples through operations and the company's culture. Her colleagues, who admired her leadership and support, feel a sense of loss and uncertainty. Morale drops, a once cohesive team starts to fragment, and engagement languishes. The trust and collaboration that took years to build with tenured employees are now at risk.
Moreover, the knowledge and expertise Sarah took with her are tough to replace. The organization had hoped they could rely on her growth and continued contributions long-term. The new hire, no matter how skilled, will need time to acclimate and may never fully replicate the skills and contributions Sarah would have achieved. The knowledge gap they must manage in the next year can lead to mistakes, lagging engagement for Sarah's team, and missed opportunities, further affecting the company's bottom line.
In essence, turnover is not just a financial burden; it disrupts the very fabric of the organization, diminishing culture, morale, and long-term success. Addressing these costs requires an intense and strategic approach to employee retention that starts with how we hire, attract, and educate applicants.
While no one piece of HR or recruiting technology can universally solve this problem, realistic job previews are an often overlooked component of a solution. RJPs represent a spectrum of experiences for candidates that deliver a transparent and honest look at the job's demands, challenges, and culture often before they enter the application process in earnest. Companies that use our own RJPs see higher retention, stronger engagement, and improved hiring efficiency. This happens by giving candidates a clear, honest preview of the role, sharing both the rewards and difficulties they'll face. By doing this we can build trust, improve retention, and attract employees who are truly the right fit. If our goal is to provide a realistic preview for candidates we can use any number of approaches. This could involve -
With the ease of applying for a job, and the imperative to maximize available talent, considering how we can educate and inform candidates is too often overlooked. Most of us (upwards of three-quarters of the workforce) are comfortable pursuing a position when we don't match all the qualifications. This is fantastic - and increases opportunity and contributes to richer applicant pools. However, when that's not met by steps to both educate applicants about how our core values are reinforced through our culture and the nature of job requirements, we're likely to fall short on key results for new hire engagement, performance, and retention. We're also missing an opportunity engage and attract applicants with high potential for performance and growth.
In short, our goal is to minimize disappointment, and the languishing engagement that comes from it after onboarding. This is often called the 'honeymoon hangover,' which comes after the initial excitement and satisfaction new employees feel. It's when they start to notice that the job or culture isn't quite what they expected.
Now, think about the obstacles and roadblocks that most frequently cause that disappointment. What aspects of the job and your culture lead to lackluster performance in new hires? This is information that can be communicated to candidates through any one of a myriad of realistic job preview experiences.
Here's a short list of job expectations and qualities we've built into RJPs for organizations across industries:
While content within the application process is valuable, RJPs taking the form of online assessments and simulations carry a few key advantages.
ensure every candidate not only views (but engages!) with the content , we often build interactive experiences for candidates that deliver feedback in real-time.
Importantly, candidates are always welcomed to apply after the RJP: even if their responses miss the mark on each criterion. This is why the RJP is so powerful: its transparency enables candidates to make more informed decisions about whether the often-overlooked demands of the role suit them, ultimately leading to greater job satisfaction and reduced turnover.
Implementing an RJP can bring multiple benefits to your organization:
It might be overwhelming to consider how you can create a unique experience to educate all your candidates. Here are some questions to begin the process:
Set yourself up for success by benchmarking your intended results before and after implementation. For sales positions we've reviewed first quarter post-training sales results for hires with a new RJP to evaluate success. If you're supporting a high volume role with evergreen hiring you'll be able to see results and make improvements quickly.
Beyond the numbers, the importance of gathering and utilizing candidate feedback is crucial. By consistently updating the RJP process based on input from new hires, you're poised to build on your success and improve the RJP experience. Analyzing costs related to the hiring process before and after RJP implementation justifies the investment and assures you that the solution is effective. This ongoing refinement not only improves the candidate experience but strategically builds a more engaged workforce grounded in a shared definition of success and means to achieve it.