Shared company values prove key to ensuring staff retention
Staff retention is a challenge that all recruiters have to contend with
Staff retention is a challenge that all recruiters have to contend with, and a common theme that arises when analysing why people quickly leave a role is their fit with the profile or culture of the particular company.
High staff turnovers can be costly in terms of both financial and time investment, so it is essential that the correct fit of candidate is selected from the beginning, bringing a higher chance of ensuring that they will remain in their new roles for longer.
Losing staff members does not only impact investments made by the company in those individuals, it also affects team morale within the existing workforce of employees are coming and going, so staff retention is important on many different levels.
Of course, a prospective employee has to fit the job profile in terms of experience and qualifications, but it is just as important that they share the same values as the company if they are to have a fruitful career within a firm.
We are still exploring ways in which we can develop this process further
Since we rolled out this new approach at the end of 2019, we have seen a notable reduction in leavers, showing that this new method is working.
In support of the initial success of this initiative, we are still exploring ways in which we can develop this process further, and will be updating the interview questions accordingly and adding new technical tests where appropriate for certain job roles.
The feedback from this values-based work carried out by ESP so far has been really reassuring, and it has been a great start in implementing this initiative.
"We want people to be happy at work and feel like they are a key part of the larger, global team, so ensuring that everybody shares these same core values will be imperative to ensuring that the ESP workforce is content and that each employee has a similar outlook to their peers."
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