An employee turnover rate simply means the ratio of the number of employees to the number of new hires. Although simple in explanation, the adverse results of a high employee turnover rate are actually complex and burdensome for a company’s overall wellness.
Damaged employee morale, higher cost of training, stalled productivity, and dented business image are just some among the many problems associated with this issue.
As such, it is important to know the basics in keeping employee turnover rates low. Hiring the right individuals through an appropriate pre-employment screening is considered a key to lessening employee turnover. Placing returning and existing employees on suitable work duties through Fit-for-Duty evaluation, setting the right benefits and compensation for employees, and advocating for their health through wellness programs at work may also all help in keeping employees at the company.
Managers and business owners who have been utilizing the WorkSTEPS program are now seeing a significant decrease in their employee turnover rate. To know more about how we can help your business, call our offices at (512) 617-4100 today.