Business Solutions - Employee Retention

You Can’t Afford to Ignore Employee Retention

It costs 150% of a mid-level employee’s annual salary to replace them with a new hire*.

To improve employee retention, businesses are starting to build extensive programs dedicated to employee training and development. In today’s hiring environment, you simply cannot afford to ignore your employee retention rate.

*Source credit: Forbes

Nearly Half of All New Hires Who Receive Poor Training Will Leave Within A Year

Investing in employee training tells new hires that you care about their success in your company. Kathy Giblin, Director of Human Resources for the American Academy of Physical Medicine and Rehabilitation (AAPM&R), reported that AAPM&R experienced a higher employee retention rate after investing in their training resources.

To improve employee retention, businesses are now focusing on raising employee contentment through engagement. Employee training and development has been proven to increase job satisfaction. Infinit-I Workforce Solutions aligns your employees’ goals with your company’s goals, helping your employees succeed. When your employees are succeeding, they’re happier.

Some proven ways to increase employee retention rates:

• Increase Employee Productivity
  • Disengaged, untracked workers cause 49% more accidents & 60% more error on the job.
• Automated Documentation
  • Nearly 8% of all paper documents are lost each year.
• Enhance Engagement
  • Engaged employees are happier employees.
• Improve Internal Communication & Employee Retention
  • Studies have repeatedly shown that direct communication leads to employee satisfaction.

“With the Infinit-I Workforce Solutions program, we were able to reduce our turnover rate by 85% over the last four years.”

Vern, Director of Safety