The TalentKeepers® Retention Audit
A SYSTEMATIC REVIEW OF RETENTION PRACTICES
Turnover is increasing, but do you really know why? The Retention Audit will uncover critical retention issues by
focusing on factors that encourage employees to stay and the factors that often drive them away. Areas of analysis include:
1) Organizational Factors such as compensation/benefits, company brand, location
2) Job Factors such as schedules, nature of the work, team dynamics
3) Leader Factors such as trust building, communication, flexibility and coaching.
Results of your Retention Audit will be benchmarked against the TalentKeepers data base to produce strategic data about your
organization's retention performance and how it compares to other organizations. You will learn what the key drivers of
turnover are for both your organization and selected individual teams.
Elements of the Retention Audit include:
- Sourcing practices
- Selection and assessment strategies
- On-boarding and orientation practices
- Existing employee engagement practices
- Separation and termination tactics
Examples of the information we gather to aid the evaluation include:
- Average length of employee stay
- Controllable v. Uncontrollable turnover
- Desirable v. Undesirable turnover
- Turnover rates at 30, 60, 90, 180 and 1 year of employment
- Cost of turnover analysis
- Key drivers of turnover
- Exit data, and more
AN EFFICIENT YET THOROUGH PROCESS
A key objective is to conduct the audit thoroughly but efficiently. The process includes an on-site planning day plus
data-gathering days at both headquarters and at other locations as appropriate. Following the analysis and synthesis of
data, we work closely with you in report preparation and on an on-site presentation to examine the findings, discuss
implications and specific recommendations.
ACTIONABLE REPORTS AND DETAILED RECOMMENDATIONS
Benefits of the TalentKeepers Retention Audit for your company include:
- Global Benchmarking through TalentKeepers' unique data base
- The experience and research of a retention "thought leader"
- Proven human resources that guarantee a professional experience
- TalentKeepers' ability to translate data into strategy.
Deliverables include:
- A detailed Turnover Analysis Report
- A comprehensive presentation to key stakeholders
- Focused recommendations that will reduce turnover
What did turnover cost you today?
Click for information on purchasing Retention Audit.
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