Turnover-why not manage the problem in advance? Turnover wastes money, but how do
you stop it when you don't know what caused it? Drake's Exit Interview solution
provides you honest insight into why good employees leave. It also opens the door
for employees to give candid comments on opportunities for the company to improve.
What are the top three reasons good employees leave your organisation? Could you
have kept them with just some simple changes? Without a professional exit interviewing
programme it's very hard to know. Departing employees usually give their employer
a polite reason for leaving - not the real scoop on what you could have done to keep
them.
Drake gets the real story.
Exit interviews facilitated by an expert third party give you deeper and more accurate
information than interviews conducted in-house. They generate the data you need
to end unnecessary turnover and improve operations.
An on-line enterprise survey is an easy way to get quantitative data on employee
attitudes that drive performance, indicating where you are strong and which factors
are holding the company back. Using a third party provider (rather than doing the
survey in-house) gives you better response rates, more candid answers and objective
analysis of the results.
Drake's Exit Interviewing solution:
- Ensures exit interviews are done professionally and on time.
- Guarantees anonymity.
- Provides honest answers.
- Generates insights as to why employees leave.
- Finds opportunities for the company to improve operations.
- Provides objective analysis and identifies trends.
What is the End Result?
What is the output? You get regular reports on:
- Why employees are leaving.
- Insights from former employees on opportunities for improvement.
- Recommendations on how to stop wasteful turnover and address other organisational
challenges.
How is it Done?
The first step is for Drake Consultants to customise exit interview questions for
your organisation. Questions are designed to encourage employees to offer insights
on how to improve their former role and the company overall.
Next, the consultants prepare a communication plan so that managers understand the
process and HR knows what to communicate to departing employees. The interviews
themselves use an automated on-line system for a reliable, confidential and cost-effective
way to gather feedback.
Finally, Drake delivers careful analysis that identifies where the problems lie
and what you can do to stop costly turnover.
What is the Payoff?
Exit interviews are simply a good management practice that communicates to employees
that their opinions matter.
The payoff comes straight from reduced turnover and improved operations. If you
haven't calculated your cost of turnover you will probably be surprised at how high
it is. These costs include the direct cost of recruiting and training as well as
the indirect costs of lower productivity, the burden on other members of the team
and reduced client loyalty.