According to a survey from Glassdoor, January is the most popular month that employees consider to change jobs.
There are many reasons can explain why the turnover rate is high in January: employees are waiting for yearend bonus; explore new challenges after the holidays and vacation, expecting a fresh start in the new year. January will become a busy time for hiring managers and employers to manage employee turnover.
How to prepare proactively?
Plan employee training and development programs in December to retain your employees, before it’s too late.
According to our daily interview feedbacks, seeking opportunities for growth and development ranked as the top reason why people job hop. Lunch a survey on training needs at the end of the year, this can be a good start to gather ideas and communicate the company’s plan on investing in the employees’ education. This also can be the survey to the key personnel, so they feel they are being listened to, which gives you extra time to address the issues before step into the New Year.
Consider staffing strategy, having a temp-to-perm recruitment model in place for seasonal turnovers.
Permanent contracts could result in performance reduces over time; temporary contract provides enough time to evaluate performance. When you are seeking replacements, temporary employees with good performance usually the best fit. There are many benefits to hire these temporary workers on a permanent basis: prevent delays, save recruiting costs, and more importantly having highly motivated employees.
Approach recruiting firms now, build a pipeline earlier
Start to collect turnover data for the past several years, identify high-turnover positions, reach out to quality recruiting firms with a decent track record in filling challenging roles to build up a candidate pool for you.
If you are seeking recruiting services, Great Connections can aid you in managing staff, saving cost, improving productivity and reducing employee turnover. Contact us today to start hiring your staff promptly, we are happy to answer any questions and discuss concerns you may have.
