Employee turnover can put real stress on a company’s finances. According to the U.S. Department of Labor, a poor hiring decision can cost the same as 30% of the potential earnings from your first year. What can human resources do to minimize bad hires, and thus minimize losses? Here are a few tried and true tips when it comes to talent acquisition.
- Offer a structured on-boarding program.
Studies show that new hires who go through a structured on-board training program are 58% more likely to still be with the same company after three years. If you give your workers the skills they need with resources to help them along, they’ll be less likely to experience frustration or alienation early on in