Recruitment to
Retention

Have you lost good employees prematurely? Do you have ongoing staff problems? Have you, or your staff, made one too many poor recruitment decisions?
Any of these problems have significant costs attached to them. It costs a lot of money, and time, to successfully recruit someone, train them up to the point where they are productive, motivated, and engaged. Yet,
it isn't especially difficult to prevent. We have developed a process that ensures the right people are hired in the first place and they grow into productive and loyal employees.

Selecting Good Staff & Keeping Them
There is a common theme, both anecdotally and from surveys, that a significant challenge for many businesses and organisations is recruiting good staff and keeping them motivated and productive.
It is self-evident that the people you recruit and retain will have a significant impact on the success of your enterprise. Good staff are more productive than average or mediocre staff and a poor hiring decision will cost a lot of money; with the losses being a function of the role and how long it takes to solve the issue. The Society for Human Resource Management (SHRM) reported that on average it costs six to nine months of an employee’s salary to replace them. For an employee making $60,000 per year, that comes out to $30,000–$45,000.
Equally, hiring a good person and then losing them prematurely is also costly. Plus, whenever a valued employee leaves, the cultural change and increased workload can cause pain for the remaining team – factors which can cause those employees to disengage and be less productive. When you consider that the single largest operational costs for most businesses and organisations is their wages and salaries, then taking recruitment and retention decisions seriously is paramount. Fortunately, there are easy and cost-effective solutions to these problems and Fermion are experts in this area.

The Solution
Selecting good staff and keeping them requires a three-step process:
- Effective recruitment and selection process
- Proper induction or onboarding
- Implementing an ongoing staff retention program
This solution is not difficult to implement and maintain; with the more difficult aspects occurring in the design and training phase.
A manager or leader does not have to be high energy or a visionary or a dynamic person to deliver this solution. This solution is not about “transforming” anyone or making someone a completely different person, but instead it can be used by anyone and once it is in place allows you to focus on your core business instead of being too distracted by staff issues.
Fermion is offering a pragmatic proactive solution that is easy to implement, empirically driven, and is the foundation for how to select good staff and keep them.

Frequently Asked Questions (FAQs)
