Recruiting a new employee requires a significant investment of resources, including money, time, and manpower. Therefore, no company wants a new hire to leave prematurely. The hasty recruitment to fill vacancies is one of the causes of this problem. If possible, let’s try to slow down the recruitment process, similar to the “Hire slow – Fire fast” approach employed by large corporations worldwide, as extensively discussed by author Jim Collins in his book “Good to Great.” In this article, freeC Asia will share with you about “New Hire Turnover rate,” also known as the first-year turnover rate. This is a rather pressing issue for businesses today, where new employees resign just as they are getting familiar with the job, leading to costs for new recruitment and training time. So how can we control this rate at the lowest possible level? Let’s take a closer look at the detailed article below. What is New Hire Turnover? New Hire Turnover, or first-year turnover rate, is a crucial metr...
Comments
Post a Comment