Food for thought:
- The cost to replace a qualified manager may be as much as 150% of the position’s salary. –Dun and Bradstreet
- The average cost to recruit an employee in any category is $4,000.
--The Institute for Research on Labor and Employment at the University of California at Berkely
- Mid-Level managers require over 6 months to reach their break even potential.
--Harvard Business School
- Not every new hire will demand the entire process, but even an $8/hour employee can end up costing a company around $3,500 in turnover costs, both direct and indirect. --Investopedia
- 40 per cent of employees who receive poor job training leave their positions within the first year. They cite the lack of skills training and development as the principal reason for moving on. -–GO2
Luckily, the answer may be right in front of you.
The solution is simple. Instead of the traditional and expensive reactive approach to filling positions, take control of your organization by developing the resources you already have. The Leadership Excelerator System was designed to help you develop your workforce and to help you retain your high potential candidates. The LEXs is composed of three unique processes that are central to reducing costs and increasing productivity:
"When I arrived at Winterwood, we had already outgrown our current training platforms, which were basically a mix of un-customized, off the shelf consumer products with limited features and poor tracking and reporting functions. Halo worked with us to identify areas of improvement, and customized a tremendously powerful system that will greatly improve the effectiveness of our employee development going forward."
Ron Dillard
Winterwood Inc.
Training Manager
http://www.winterwoodonline.com
Contact us to learn about how you can reduce your hiring costs by developing your #1 resource.
www.halogrouponline.com
502.276.6352
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