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NORTH CAROLINA STATE UNIVERSITY. Human Resources – Employment Services. HR Connections – 02/17/2011. NCSU Recruitment Stats. Calendar Year 2010. 767 SPA Recruitments 521 EPA Recruitments 1372 Hires (New, Re-hires, Promotions, etc.) 2986 Non-student Temps Hired
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NORTH CAROLINA STATE UNIVERSITY Human Resources – Employment Services HR Connections – 02/17/2011
NCSU Recruitment Stats Calendar Year 2010 767SPA Recruitments 521EPA Recruitments 1372Hires (New, Re-hires, Promotions, etc.) 2986 Non-student Temps Hired 3911Background Checks run Average of 50applicants for each SPA position Average of 34 applicants for each EPA position
Costs of Turnover / Recruitment Apparent Costs • Advertising (journals, online, etc.) • Vacation Payouts • Unemployment Insurance • Relocation / Travel Costs • Production lost (posting, interviewing, training) • Delays in projects • Loss of institutional knowledge (efficiency) • Increased work load / decreased morale Hidden Costs Photo Reference: http://www.techvenkat.com/wp-content/uploads/2010/11/Iceberg-3.jpg
Retention n. The act of retaining. Reference: http://dictionary.reference.com
Current Climate 49-60% of currently employed professionals plan to change jobs when the economy improves. of executives would currently take a recruiter’s call. 90%
Why Do We Stay? Why Do They Go? Money Job Security Promotion Relocation Lack of Engagement #1 Reason = Manager/Supervisor Relationship
Strategies to Increase Retention Quality, Selective Recruitments Recruit and select the best Include a thorough, realistic job preview Quality Onboarding Be available Provide resources Challenge/Engage Managers: provide special projects Employees: seek out areas you can contribute Recognize Praise publicly Communicate “Stay interviews” – check in frequently