23% of Employees Are Looking to Leave. Here’s How to Keep Yours & Save Up to $30K per Hire

Did you know a whopping 23% of employees are actively searching for new jobs right now? That means there’s a strong chance your top talent is considering leaving. However, what if I told you there’s a way to not only retain your best employees but also significantly reduce the costs associated with hiring new ones in the future?

Let me tell you about one of our clients, a dynamic tech company. They were stuck in a perfect storm of challenges; 15% of their new hires were leaving before even finishing probation, and it was taking a staggering 40 days for new team members to become fully productive. This constant churn was obviously a huge drain on their resources and morale.
They were constantly interviewing, hiring, and onboarding, only to see new recruits vanish before they could truly contribute. They were devastated to see their team falling behind on projects, growing increasingly stressed, and incurring significant financial burdens that they couldn’t figure out how to stop. The cost of replacing an employee can be as high as 30 times their monthly salary, so this “revolving door” was seriously impacting their bottom line.

They knew they needed to address this urgently and asked if we could assist.

Here’s how we helped:

Deeper Candidate Insights: We analysed their existing team dynamics and benchmarked the specific skills, traits and work preferences required for success in their unique fast-paced work environment.

Targeted Recruitment: We then helped them re-engineer their recruitment process tailored to those insights which enabled them to attract and select candidates who were a perfect fit, not just on paper, but in reality.

Onboarding Optimisation: We provided practical tools and guidance to help their managers improve candidate onboarding experiences, ensuring new hires felt valued and supported from day one.

The impact? A phenomenal 55% reduction in new hire turnover and a 10-day decrease in the average time it took for new hires to become productive.

Is your company facing similar challenges with new hire turnover and productivity? Let’s chat about what you need. Drop a comment below make an appointment or send me a message to learn more!

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