3 ways to head off employee churn and keep your top talent on board
The first quarter is a busy time for job changes, with new budgets and nascent initiatives in place. Stop the poachers by listening to your staff and rewarding your high achievers.
A new year brings a wave of opportunities for job seekers.
That’s great for companies seeking to bring in new talent and expand their business, but it can also pose a problem: employee churn.
Just as your organization looks to bring on new employees, another company might be trying to poach your stars—along with their knowledge and expertise.
If left unchecked, employee turnover can be extremely costly. It’s especially common in the first quarter, with studies finding some of the year’s busiest hiring days falling in January and February.
The current job market is ripe with opportunity, so now’s the time to take the pulse of employee sentiment—and combat first-quarter departures.
How to watch for ‘tells’
There are telltale signs that employees are preparing to exit. If they suddenly have a flurry of sick days or turn up in their Sunday best after a “dentist appointment,” they might be on the prowl for a new gig.
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