A Korn Ferry study found that according to 90 percent of executives, 10-25 percent of newly hired employees leave the business voluntarily within the first 6 months of employment. Leaders can't help but feel frustrated when their recent hires turn in their two-weeks notice. After all, the company just spent time, money, and resources to recruit, hire, and train the new member for their team. After wiping away their annoyance, leaders can often only ask one question:
"Why are you leaving?"
There are 3 main reasons that new employees are leaving:
1) The position wasn’t what they expected based on the interview process
2) They didn’t like the company culture and immediate workgroup
3) There wasn’t a training process and were not given the right tools to do their job
The hiring process can be tricky. It’s important for employers to paint a realistic preview of the position and the expectations of the role. It’s even helpful if the candidates can meet the other team members and leaders before the official employment begins. If it’s not a good fit for the company or the employee, it will not be a rewarding experience for either party. Spending time upfront in the hiring process will make all the difference in the long run.
Hiring and retaining employees can be tricky. The good news is, you don't have to do it alone. Check out the recruiting services offered on our site.