Reducing bad hires can save your organization thousands of dollars, help retain high-performing employees, and protect your workplace culture.
Has your company ever struggled to hold onto important employees? Has it ever hired the wrong people? Or hired the right people, but they struggled to succeed? These are all signs your talent management strategy is unsuccessful—or nonexistent.
If your company underwent drastic changes in its strategy or operating model during the past 2 years, you are not alone. Back in 2020, garment companies started to produce face masks, and appliance manufacturers churned out respirators. Not every CEO made such dramatic shifts in their operations, but many of us needed to re-orient our goals and execution to survive and thrive. In addition, some sectors have experienced fundamental shifts accelerated by the pandemic and are most likely permanent. For example, mall operators have seen a radical shift in consumer behavior relative to in-person shopping; car manufacturers are facing a
Employee engagement is critical to boosting retention rates. And while a wide variety of factors influences engagement, research has found the relationship employees have with their immediate manager accounts for 70% of employee engagement variance.
