Perfect Circle : Increasing staff retention

Increasing staff retention
Of course, all organisations replace people. This can help avoid stagnation and introduce new ideas. But what is an acceptable level of turnover? And what is the cost of losing somebody?

It is estimated that the financial cost of filling a vacancy is between 60% and 100% of a person's salary, depending on the role and sector. And this does not take into account the hidden costs of loss of knowledge, impact on morale, disruption to operations and tying up of resources.

We have a number of tools that identify those issues that are key drivers of retention and allow organisations to take timely and focussed action. These include:

PCExit – a cost effective research tool to measure why people are leaving your organisation, based on the four drivers of retention and using a standard set of questions (for more information click here)
A more comprehensive survey that measures a broader range of attitudes towards the four drivers of retention and allows clients to focus on issues that are particularly relevant to them
PCTracker – a tool to track changes in attitudes of employees towards your organisation from the time they join to twelve months into their contract (for more information click here)

If you would like more information about how we can help manage retention in your organisation, please contact us on: 0117 915 4552, or click here to email us now.


OUR SERVICES Research, measurement and monitoring Communications strategy and planning Delivering change Creating your internal brand Embracing diversity Increasing staff retention Training and development Effective facilitation and action planning Media planning, production and management Staff involvement Employee engagement

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