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Is Your Company Experiencing a Large Number of Failed Hires? Consult with a Strategic Human Resources Firm

Human resources

A 2016 Gallup poll showed that Millennial employees are the “Job Hopping Generation.” At any given time, 6 out of 10 Millennials are open to learning about and interviewing for new positions. This is more than any other generation to date, according to this poll. By the end of June 2015, for example, 2.7 million employees left their jobs on a voluntary basis. This consists of a 25% increase from 2013.

There are a variety of reasons for job hopping or voluntarily quitting a position. A Robert Half survey, for instance, showed that executives found there were specific factors that lead to failed hires. At the top of this list with 36% was performance issues and a poor skills match. After this, the second most common reason at 30% was unclear performance objectives.

The Gallup poll also showed that just 2 out of 10 of the participating employees received encouragement from their managers. More specifically, this pertained to the belief that their managers did a good job or otherwise excelled at encouraging them to perform well and deliver their best work.

Gender and ethnically-diverse companies are more likely to outperform their counterparts. This may be a contributing factor for many employees that choose to leave a company. McKinsey’s research showed that when a company is gender-diverse, it is 15% more likely to outperform companies that aren’t. Furthermore, ethnically-diverse companies are 35% more likely to outperform their counterparts.

Being happy or experiencing job fulfillment are both key indicators of whether or not an employee may be inclined to search for another position. Employee recognition programs can make a significant difference in this regard. When companies instituted these types of programs, 86% of them noted their employees were happier.

When an employee leaves a company, whether it’s on a voluntary or involuntary basis, utilizing the services of outplacement companies can be beneficial for multiple reasons. Since outplacement companies engage in executive search and recruitment, they can assist these individuals with locating a new position. They are also able to provide services to assist these employees with transitioning to a new position.

Top executive recruiting firms are able to provide a company with human resource staffing and human resources consulting. When a company is going through restructuring, these firms have the acumen to provide consulting services during this potentially challenging time.

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