Last year, new-hire turnover jumped a whopping 15%! So everyone involved in hiring should take notice. This type of turnover may be the most painful of all turnovers! Why New Hire Turnover Is Especially Painful Of course, all turnover hurts; however, I’ve found that new-hire turnover (where recent hires leave …
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Hiring Is Broken – Fix It By Learning From Your Hiring Failures (Clearly defining a hiring failure)
Data reveals that 46% of recent hires fail, and managers wouldn’t rehire up to 50% of their hires. Now, assume for a minute that you are one of your company’s top executives in a business world where “failure analysis” is an expected business practice. You were presented with data showing …
Read More »Predict Each Candidate’s “Time To Turnover” Before Making A Hiring Decision (A checklist of the factors that predict both short and long retention)
With record-high turnover, it pays to predict which finalists will likely become early turnover. Improve Your Hiring Results By Predicting Each Candidate’s “Time To Turnover” Amazingly, some companies predict current employee turnover with a 95% accuracy rate. However, I suggest that it’s time to expand our turnover predictions to the …
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