Executives are becoming very aware that attrition is impacting business. According to AIRS turnover trends 2004 research report:

- 76% of respondents reported that employee turnover significantly impacts shareholder value

- Reduced profits were cited by 54%

Companies have to replace the people that have left. Cost - 18 months pay (Hay Group)

Create a culture that rewards talent and fosters personal and professional success.

When it comes to staying at a job vs. changing jobs, pay is important but not the only issue. Top performers are also concerned about challenging work, opportunities to advance, and the ability to make valuable contributions to the company. Studies show that top workers would be first to seek other opportunities when employment outlooks improve.

Successful companies are finding ways to keep talented people engaged. Is your workforce as healthy, productive, and motivated as it could be? Are managers talking to employees and helping to create opportunities to advance? Do employees feel like their efforts have value?

CORE can help you find out by applying our "full-circle" approach and looking at attrition rates, talking with hiring managers, and performing salary analyses and layoff forecasts. We can also help with proactive programs including:

Training for managers in retaining top talent
More effective screening and interviewing tools (see Build a Department)
Well-structured incentive programs for top performers
Creative ways to give star players more responsibility, greater autonomy, and a clear shot at advancement
Strong communication programs that engage employees and enable them to support change.