Hi Reader,
Welcome to the premier edition of The Staffing Corner, a monthly newsletter from CornerStone Staffing. Inside each issue you will find:
- Feature Article - Discover innovative ideas and practical tips to help you drive productivity, reduce costs, and make your business run better, all in a concise, easy-to-read format.
- Blog Posts - We'll feature the best posts from our blog with the latest industry news, tips and strategies!
- Staffing Resource Center - Each issue of our newsletter will give you access to an entire library of HR and staffing information, including best practices, free downloads, employment law information, and links to the best human resource sites on the web.
The Staffing Corner is brought to you compliments of CornerStone Staffing. We hope you enjoy our new publication, and we warmly welcome your feedback and suggestions. Our goal is to make this a terrific resource for you, so please let us know how we can improve!
Regards,
CornerStone Staffing
CornerStone Staffing
The CornerStone Staffing Blog
Win the Talent War - 5 Tips for Employee Retention
From Personnel Management to Business Strategy: The Evolution of Human Resources
Fostering goodwill: How to answer questions from rejected job candidates
The Challenge: Reduce the Cost of Turnover
 Did You Know?
- Despite near record unemployment, 42% of people resigned from their jobs in 2010.
- 50% of employees voluntarily quit their jobs for better pay, more responsibility and planned relocation.
- The biggest cause of turnover is not poor employee performance, it's poor communication and frustration with management.
- According to SHRM, the cost of replacing an $8/hour employee is $3,500. For a $50,000 manager, that cost is $15,000!
- So how can you avoid the high cost of turnover?
The 60-Second Solution: Exit Interviews
If you really want to avoid unplanned turnover, just ask! A well-designed exit interview will provide all the data you need to identify the causes of job dissatisfaction, so you can make the changes necessary to improve retention.
Here's how you can get started:
- Develop an actual exit interview process, which will consist of a personal meeting with employees before the final day, in combination with a written survey.
- Convey to employees that they are free to speak openly and honestly without fear of reprisal or negative consequences.
- Ask exit interview questions that are relevant to the individual's employment status, duties and position for the best feedback. Be sure to probe about issues with management methods, compensation, communication, and the work environment.
- Compile data from multiple exit interviews to look for common issues that need to be addressed.
- Try to get to the root of any issues that employees bring up by following up with managers and deciding if there is an alternative solution to avoid losing a valuable employee.
- Maintain any data and feedback provided by employees in a confidential employee folder and in a secure informational spreadsheet to identify any trends.
Did You Know?
In June, 28 states and the District of Columbia reported over-the-month unemployment rate increases, eight had decreases, and 14 had no change. Nonfarm payroll employment increased in 26 states and the District of Columbia and decreased in 24 states.
Courtesy of the Bureau of Labor Statistics.
CornerStone Staffing's Resource Center
Looking for HR tips and great staffing advice? You'll find more than 100 articles and free downloads in our Staffing Resource Center:
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