Attrition is “the true silent killer” for modern companies, experienced human resources director Bill Bagley said. It strikes in tangible and intangible ways: Increasing costs for recruiting and training, a loss of efficiencies, and lowering workplace morale.
At Barnes Dennig’s most recent Distribution & Manufacturing Roundtable, Bagley discussed “Transformational HR,” a process companies can utilize to attract, develop and retain the best and brightest talent.
Among the action steps he suggested are:
- Compare organizational and departmental retention rates with industry averages
- Make a candid assessment of the quality of your staff
- Assess utilization, productivity and sales numbers to see how they have been impacted by turnover
- Create and implement a succession plan for the organization
Becoming an “Employer of Choice” involves creating an environment where talented employees can thrive. This is achieved not only by challenging employees but by providing them with the highest level of training, support, recognition and rewards. Motivating employees from different generations requires a nuanced understanding of the values and perspectives shared by each group.
Several attendees shared insight about how they had implemented flexible scheduling and job-sharing programs, accommodating the needs of their employees while simultaneously improving efficiency.
Twenty-six people from 22 companies attended the event. All respondents rated the content “very good” or “excellent.”
“Bill gave me some good ideas that I can apply at my organization and reinforced/affirmed some points I’ve been coaching my management team about,” one survey respondent wrote. Another wrote, “The content brought forth some topics that were perhaps new and different to some of the attendees. Certainly some things that were thought-provoking.”
For a copy of the slides from this presentation, contact your Barnes Dennig representative at (513) 241-8313.