Randisi & Associates

Pre-Employment Screening Specialists

RANDISI & ASSOCIATES, INC.

410-494-0232
Contact Us
  • Home
  • Services
    • Background Investigations
    • Drug & Alcohol Testing
      • Urine Specimen
      • Oral Fluid Testing
    • QuickApp and QuickApp Pro
  • About Us
    • Why Randisi Associates, Inc.?
    • Testimonials
    • Testimonials in Chesapeake Human Resources
    • Privacy Policy
    • Consumers
  • Resources
    • Marijuana in the Workplace
    • Employment Screening & Drug Testing
    • Negligent Referrals?
    • Interview with Larry Wilner
    • Drug Testing Seminars
  • Partners
  • News
    • Background Checks
    • Business Success
    • Drug Testing
    • Personnel Management
    • Employment News
  • Request A Quote
  • Contact Us
  • Client Login
    • CRL Order Form
  • Payment
You are here: Home / Personnel Management / Boost Employee Retention Efficiently and Effectively

Boost Employee Retention Efficiently and Effectively

April 25, 2019 By Jim Randisi

With the demands of keeping a workplace productive and profitable, many managers may overlook one simple perk that has been proven to boost employee retention. That perk is professional training.

HR360 has a regular service called HR over coffee. One of the recent telecasts was about how to boost employee retention efficiently and effectively. We make this HR360 service available to our business associates at NO CHARGE. We would like to make it available to you. This is a $500 value. If you would like to have access to HR360, just send an email to info@randisiandassociates.com with “HR360” in the subject line.

If you’re a manager interested in retaining good employees, it may be time to look at your training efforts. Studies indicate that professional training increases employee retention.

While keeping an eye on your bottom line you may be tempted to think that employee training is just too costly. But avoid this trap because the truth is that turnover can cost you much, much more.

Estimates vary widely by industry and position but replacing an employee can cost upwards of 25% of the departing employee’s salary and benefits.

If you have several positions that become vacant in a given year, your turnover expenditures can quickly run into the tens of thousands of dollars.

Clearly an investment in training is by far the better value.

Options ranging from most to least expensive:

Tuition reimbursement whether for a degree program or single classes is always popular but can be pricey.  However, tuition can be deducted from the employer’s taxes as a business expense subject to IRS rules. Further, an employee working toward a degree has a built-in motivation to stay with the organization funding their studies.

Paying for licensing or certification is another option to consider. As is sending your employee to offsite seminars or technical training. You may even choose to bring training sessions in-house and offer them to a group of employees at once.

Some companies train employees through their professional or trade associations which sponsor regular conferences or trade shows. These events often offer a range of seminars or breakout sessions that enable attendees to select relevant and interesting topics.

Online training is another alternative that’s both cost-effective and schedule friendly

Finally, formal mentoring or job shadowing is a low-cost training method that can give your employees the opportunity to learn from the more seasoned staffers.

Whatever training options you choose be sure to communicate them in a clear and consistent fashion.  Tuition reimbursement for example should be outlined as a benefit in your employee handbook and mentioned to any prospective job candidate

All training opportunities should be carried out fairly and without bias.

Outline eligibility, approval process, registration, and reimbursement procedures in writing and be sure to ask for formal employee feedback on training.

Employees should be able to tell you how any given class or session improved their performance and ability to help meet company goals.

Lastly remember that offering training demonstrates how much your employees matter to you and that they are a worthwhile investment. In fact, your employees are your most important asset and training them well should enhance their value, their loyalty and your company’s reputation in the market.

Filed Under: Personnel Management

Testimonials

Video testimonial from Rebecca Yarrison Miller's Minuteman Press Owings … Read More>>

Latest News

  • Do Your Customers Trust You?
  • Tips for Employer Social Media Screening
  • How to Document Workplace Impairment
  • 5 Reasons You Need a Customer Advisory Board
  • Medical Marijuana Users in Safety Sensitive Positions

Afilliate Organizations

Tazworks Concerned CRAs NAPBS

Request A Quote

How can we Randisi and Associates assist your organization with background checks, drug testing and pre-employment screening?


CLICK HERE to Request a Quote or Consultation

Contact Us

Phone: 410.494.0232
Fax: 410.296.6131

1810 – J York Road PNB # 185
Lutherville, MD 21093

Contact Us


CLICK HERE FOR OUR PRIVACY POLICY

Copyright 2020 Randisi & Associates, Inc. All Rights Reserved. Site by SPARKS!

We use cookies to make sure you get the best experience on our website. You can learn more by viewing our Privacy Statement.AcceptPrivacy Policy