For some companies, the economic crisis means introducing measures in cost and process optimization, restructuring and downsizing. However, the consequent fluctuation is also leading high-potential employees, who are critical to an upswing, to leave. The result: high costs for new appointments and the loss of know-how and productivity. Targeted employee retention strategies are needed to prevent this from happening.
Four principles to optimize employee retention
To avoid an unwelcome high fluctuation rate and solve retention problems, hkp/// group experts have developed the Retention Management Toolbox. Independent of size and industry, this toolbox offers support based on the following four principles:
• Classification: Identification of target groups, in which a significantly high level of fluctuation is prevalent
• Understanding: Determination of the causes of the problem
• Development: Finding of suitable counter measures
• Realization: Implementation of the counter measures to increase employee loyalty
The hkp/// group Retention Toolbox enables you to get to the root of the employee retention problem and to initiate specific measures using a structured approach. It includes detailed information on carrying out the project as well as the necessary quantitative and qualitative tools, such as interview guidelines, a catalog of measures etc.
Support for self-help: implementation of retention strategy
The carrying out of a retention management analysis does not necessitate the involvement of experts within the company. All that is required to implement the process steps described in the toolbox is a project manager, and possibly a small project team from HR. In addition, hkp/// group experts are available at any time as strategic sparring partners and consultants for questions regarding content as well as process-specific issues.