Effective Retention Strategies: Keeping Millennials and Other Employees

Retaining top performers is critical to organizational success. They are talented, innovative, entrepreneurial, creative and can be demanding. They are also highly mobile and prone to job hopping. Retaining top talent is a key business imperative and old strategies are no longer effective. Just as approximately 60% of Millennials leave their company in less than three years and their turnover is greater than any other generation. Top performers can be from any generation and they turn over with similar frequency, unless you actively continue to re-recruit them.

Unfortunately, most companies don’t have a focused retention strategy to retain these important employees. The good news is that top performers prefer to stay with the same company, and they will if given the right environment and opportunities. There are strategies and tactics that can improve retention rates. During this informative webinar, you will learn why top performers, Millennial and other employees stay or leave and learn practical techniques you can use to retain the best employees.

In this program you will learn:

• Why employees stay or leave
• How to measure turnover
• The relationship of compensation to employee satisfaction and motivation
• The relationship of leadership to retention and turnover
• How to create a workplace "community"
• Why recruitment and interviewing are important in managing turnover
• The importance of "Stay interviews"
• 135 ideas for reducing turnover
• 10 steps toward great retention
• Ideas for more effective onboarding
• Importance of realistic job previews
• 7 steps to giving effective recognition
• Linking benefits to retention
• The 5 components of the retention model
• Keys for millennial retention

Benefits:

• Cite factors that contribute to employee turnover
• Identify strategies for retaining employees
• Understand the link between leadership, employee satisfaction, and turnover
• Measure employee turnover
• Cite three factors that contribute to employee motivation
• Understand the priorities of the Millennial generation

Handouts:

• Live question and answer session
• Copy of speaker's presentation slides
• 146 Retention Strategies
• Questions for conducting stay interviews

Who Should Attend:

• Human Resources professionals,
• leaders,
• managers,
• supervisors,
• organizational development,
• Senior leadership
• Leaders responsible for work culture
• HR Directors and generalists
• Managers, supervisors, and team leaders
• Board members

Ask a question at the Q & A session following the live event and get advice pertaining to your situation, straight from our expert speaker.

Bob Verchota

Bob Verchota is owner and senior consultant for RPVerchota & Associates, a consulting firm providing services to clients who seek to align their business and employees, creating successful outcomes and excellent work environments. After 30+ years in Human Resources senior leadership roles and teaching both undergraduate and graduate courses in Leadership and Organizational Development, Bob transitioned to using his experience and skills in consulting.

Mr. Verchota provides solutions to companies for a wide variety of HR issues including training and development, compensation, compliance, policy development, performance management, employee relations and managing change from mergers and acquisitions to project specific disruptions of the status quo.

Bob has an undergraduate degree in Business Administration, graduate degree in Healthcare Administration, and doctoral work (ABD) in Organizational Development. He is a lifetime Senior Professional in Human Resources.