More than just an employee survey
TINYpulse discovers how your employees are feeling, and performing
Improving employee engagement is not just an HR issue but is, in fact, essential for business success. Since January 2018, over three million employees have voluntarily left their jobs every month, according to the US Bureau of Labor Statistics. Furthermore, Willis Towers Watson found that more than 25% of employees are qualified as being high-retention-risk — and these include high performers with critical skills. There are a myriad of reasons why employees are jumping ship, including inadequate onboarding, lack of internal career development, and poor benefits, to name a few.
Even if your team is made up solely of supremely talented individuals, there are always a few employees who stand out from the rest of the pack. According to the Harvard Business Review, these high-potential employees account for an average of 5% of any company’s workforce.
It costs a lot to hire an employee. On top of salary expenses, there are also benefits to be paid and costs associated with recruiting and onboarding. Additionally, companies also have to deal with a learning curve; it can take as much as two years for a new hire to become completely productive.