Reduce Employee Turnover with DISC

Employee turnover has dramatically increased over the past few years, which has turned out to be a huge cost issue for many companies. "The cost of losing an employee can range from tens of thousands of dollars to 1.5–2.0x the employee’s annual salary." One of the biggest expenses companies take on in the face of employee turnover is the cost to retrain new employees.

There are some costs resulting from employee turnover that can’t be accurately measured in a monetary value. New employees are very likely to have little to no loyalty to their company. High loyalty comes from employees that have worked for their company for an extended period of time and have been treated well during that time. Not only does high turnover have a negative impact within the company but also on the public view of your company, which in turn can derail business and affect the caliber of future applicants.

Low staffing levels are likely to occur during the turnaround period from old employees to new employees. This can lead to your business performing below normal standards, causing employee and customer dissatisfaction.

One of the most effective ways to decrease employee turnover is to make a bigger effort to make sure you’re hiring the right candidates in the first place. Using PeopleKeys 4D Report (DISC + TEAMS + Values + BAI) for hiring enables you to send out “one click” links to potential candidates that will bring them straight to an assessment center. Candidates can also be matched with a performance benchmark for a specific job role and ranked according to their individual assessment results. This allows you to quickly and easily pick the cream-of-the-crop. You’ll also receive a predictive hiring report that includes detailed information about the candidate’s Communication, Behavior, Team Thinking Style, Workplace Values, and Behavioral Attitudes.

Learn more about PeopleKeys' success in helping businesses to hire smarter to reduce employee turnover and improve retention rates, as well as how to keep your top talent engaged and grow your company from within in this eBook with six talent management strategies.