4 mistakes to avoid when solving high workforce turnover
TRANSCRIPT
Effex Management Solutions specializes in staffing and managing large volume contingent workforces that transform production efficiency and increases your bottom line.
LOUIS FLORYPresident & CEO, Effex Management Solutions
Meet Our PRESENTER:
BIGGESTworkforce management
What’s your
PROBLEM?
TURNOVERIf you answered
you’re not alone
In the light industrial sector,60% of turnover occurs within the first two weeks of employment.“
But that’s not the worst part…
BillionDue to employee turnover
$11IS LOST EVERY YEAR
- Bloomberg BNA
Which means you need to make an immediate impact
or, it’s going to cost you
BIG time
But before you can solve high turnover, let’s uncover the
contributing factors and the mistakes you want to avoid.
4 Mistakes To Avoid When Solving High Workforce Turnover
HIRINGINADEQUATE
1
Stop hiring anyone willing to work. You want to close the employment gap and avoid
forced overtime but you have to stop hiring unqualified workers.
TRAININGNEGLECTED
2
Stop putting new employees on the production line without proper
training. Without proper training, quality, safety, and efficiency
problems grow.
TRAININGOF EMPLOYEESPOOR TREATMENT
3
Management frustration trickles down to employees and lowers
workforce morale.
INCENTIVE PROGRAMSCOSTLY
4
To improve morale levels, incentive programs are
introduced
But when they are unsuccessful…
More Employees Leave!
MISTAKES RESULTS
Inadequate Hiring
Neglected Training
Management Frustration
Costly Incentive Programs
Unqualified Employees
Quality, Safety & Efficiency Problems
Decreased Morale
Little, if any effect
WATCH THE WEBINAR
ESCAPE THE VORTEX AND
AT THE SOURCESTOP TURNOVER
