Employee Retention Strategies & Turnover Management By Corvirtus

The cost of turnover starts at anywhere from $2-5K for an entry level position depending on the level of complexity. Successful employee retention strategies go beyond engagement to earn the active loyalty of your team. Active loyalty, a strong driver of retention, is when employees voluntarily act on behalf of the organization: passing up other more convenient or higher paying employment, proactively acting on ways to drive results or delight a customer, and acting to support the success of fellow employees.

To know how to improve we need to first have an accurate picture of the employee experience. Our surveys measure the knobs you can turn within the day-to-day of your employees to build loyalty, commitment, and attack obstacles getting in the way of results. We do this by linking key drivers like clear direction, quality of coworkers, and support to outcomes like intentions to perform and stay, turnover, and even total controllable income and profit. Once equipped with a complete understanding of the Employee Experience, broken out by relevant job groups, positions, and tenure, we work with you to develop detailed, realistic, and embraced action plans.  We would be delighted to partner with you today to help you achieve your 2020 vision in the months ahead.