Turnover can be one of the largest challenges organizations face—or at least the most expensive. Identifying the causes of turnover can be useful in combating it. But what happens when a bad hire makes it through your applicant process? If you want to avoid further turnover, learn how to convert this bad hire into a successful one.
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Common Drivers of Turnover
Workload and workload management. It’s no secret that finding the right balance between work and personal life is very challenging for most employees. It’s even more difficult when workloads are continually increasing. Some staff may need to work longer hours; others may be under the pressure of higher expectations. The result is higher turnover and more absenteeism.
Compensation. This may sound obvious, but compensation is an essential factor to consider. Many factors that contribute to a company’s turnover are connected to compensation: high salary, bonuses, stock options, and other perks.
Everyone wants his or her work to be appreciated and well paid. Extra bonuses and sudden salary increases usually encourage and motivate employees. According to Chron’s research, workers are more likely to perform at their highest potential if they are happy with their salary. Employees who receive a high salary feel motivated to do an excellent job because they want to retain their position by pleasing their employer. This makes employees feel secure and accomplished and allows them to achieve an enjoyable high-status ranking.
Talent acquisition. Many organizations, particularly in technology-driven industries, focus on recruiting the “best and brightest” to ensure future success. However, that may not necessarily be the best option for your business. The problem may lie with the organization itself.
The last reason is the most relevant now. Lots of companies don’t think they can turn a bad hire into a successful one, so they continue their rush to find the “one and only.” The following tips will prove there are working practices for turning bad hires into successful ones, as well as provide your company with excellent results. Let us take a look at them.
Turning a Bad Hire into a Successful One
Use the talents. By using employees’ best abilities, you allow them to do what they are good at. You can then educate them on other parts of the job that are less desirable.
Don’t be greedy with the time you spend developing employees’ skills. They can’t be perfect in all spheres of your business. Try to provide your employees with different learning opportunities. If your company doesn’t organize any conferences or meetings, tell your heads that these are an essential part of employees’ working life.
Mold employees. Employee molding involves training and onboarding, helping them understand and plunge into their roles, and an introduction to corporate culture.
First, you should identify employees’ problems and try to find solutions to them. The easiest way to do this is to determine what part of the job causes problems and confusion and train your hires on that part of the job.To minimize problems and questions, start onboarding on new hires’ first working day. The best way to organize an excellent onboarding process is to build an employee onboarding academy. Academies have recently become very popular because they can have all types of content and be changed at any time. You can add a quiz at the end of the academy to check employees’ knowledge. It will help you understand in advance what strengths and weaknesses your new hires have.
Reverse roles. This will allow you to see how many people in your company want to try something new. It might not seem evident at first, but accountants may like HR’s work and vice versa.
In this way, an employee who failed during the recruitment process may find his or her place in the company and start doing something productive.
Conclusion
You can use these tips to build a strong team and achieve the company’s main goals. Keep in mind that employees who take the longest to educate and who learn the slowest will, over time, turn into the most efficient and productive employees. The learning process doesn’t have an off button.
Don’t just stand there; make it happen.
Natalie Chabanova is an editor of AcademyOcean, a corporate training platform. She is passionate about writing, photography, and creating engaging content. She also likes to study the HR sphere, the employee onboarding topic, and HR trends.