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The TalentCulture #TChat Show is back live on Wednesday, June 11, 2014, from 6:30-7:00 pm ET for radio, 7:00-8:00 pm ET for the Twitter chat.
Last week we talked about how to have a transformative onboarding experience for new hires, and this week we’re talking about the power of workforce culture and continuous talent mobility.
According to 2013 SuccessFactors WFA Benchmarking Data, normal voluntary turnover is 8.9% annually compared with 18.8% voluntary turnover for hires with their first year of employment. That’s more than double.
It’s no wonder companies struggle to retain top talent from the moment the ink is dry on the new hire paperwork. Plus, once onboarded, networked and contributing, every single employee is a perpetual candidate and a growth opportunity for the company at large. In turn, providing a continuous mobility experience to your workforce that includes the flexibility to dial up and down their level of contribution, while ensuring they’re career paths are personalized growth opportunities, are the keys to retaining knowledge and your competitive edge.
Why look outside first when you already have an internal talent community and referral network? You invest a lot in your talent up front and to lose them quickly because of little to no nurturing empowers your competitors, not your company.
Join #TChat co-creators and hosts Meghan M. Biro and Kevin W. Grossman as we learn more about the power of workforce culture and continuous talent mobility with this week’s guest: Tracey Arnish, SVP of Talent at SAP.
Thank you to our sponsors and partners: RIVS, GreatRated of Great Place to Work, TalentWise, GloboForce, SAP/SuccessFactors, PeopleFluent, Red Branch Media and HRmarketer Insight.