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The Two R’s Recruitment and Retention For Small Business

The Two R’s

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The Two R’s. Recruitment and Retention For Small Business. What’s the Big Deal?. Unemployment at 2.8% Lack of Affordable Housing Baby Boomers are Retiring Young Professionals moving out of the area. Finding Good Employees!. Go where the people are Think outside of the box - PowerPoint PPT Presentation

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Page 1: The Two R’s

The Two R’s

Recruitment and Retention

For Small Business

Page 2: The Two R’s

What’s the Big Deal?

Unemployment at 2.8%

Lack of Affordable Housing

Baby Boomers are Retiring

Young Professionals moving out of the area

Page 3: The Two R’s

Finding Good Employees!

Go where the people are

Think outside of the box

Non-Traditional Demographics

Work with a Business Services Associate

Page 4: The Two R’s

New benefits offered

Ramp up

Positions not previously held

Changes in the Law

An Ever Changing Recruitment Strategy

Page 5: The Two R’s

The Interview Process

Legal Interview Questions

Defined Interview Questions

Check References

Review All Information

Page 6: The Two R’s

Position Specific Interview Questions

Create a job description

Physical Requirements

Overtime Requirements

Page 7: The Two R’s

Why be Concerned about Retention?

The average cost of turnover is11.5 % of the employee’s annual salary

The difficulty in recruiting good employee’s

The companies image

Productivity

Employee Morale

Page 8: The Two R’s

Turnover Costs

$20800.00 X 11.5% = $2392.00

3 people x $2392.00=$7176.00

For a small business this comes off the bottom line.

Page 9: The Two R’s

Ways to Retain Employees

Survey Current Employees

Better selection hiring

Open communication

Business and Personal Enrichment Training

Offer Benefits or Benefit Alternatives

Performance Based Incentive

Respect

Conduct Exit Interviews

Page 10: The Two R’s

Career Pyramid

Cashier$7.00

Front End Supervisor $10.00

Dept. Manager $11.00

Bookkeeper $10.00

Office Manager $12.00

Assistant Store Manager $15.00

Page 11: The Two R’s

Better Hiring Selection

Advertise for Candidates with Work Readiness Credentials

Conduct a second interview

Complete Reference Checks

Identify candidates with job stability and question those without

Utilize pre-employment tests and assessments

Page 12: The Two R’s

Communication

Open Door Policy

Company Movement

Changes to policies and procedures

Empower employee’s to make business decisions

Page 13: The Two R’s

Employee Training

Investment = Retention

Provide training opportunities in both personal and professional enrichment.

Page 14: The Two R’s

Benefits and Alternatives

Health Benefits – Adjusted Pay

Provide alternative information on Health Care providers for individuals

Tuition Reimbursement

Memberships to Discount Clubs

Paid Memberships to Professional Organizations

Weekly Lunch MeetingsHEALTH CARE

Page 15: The Two R’s

Reward Hard Work!

Create a bonus program

Make goals achievable

Staff Lunches

Bowling Nights

Extra vacation day

Page 16: The Two R’s

The #1 Way to Reduce Turnover

Provide an environment that will grow and nurture a Happy Employee through

employee Empowerment, Investment in the employee, and Respect.

Page 17: The Two R’s

Contact a Business Service Associate

South Area

Deborah Ballard 321-394-0619

Jessica Benson 321-446-3795

North/Central Area

Kathy Roberts 321-394-0553

Sandy Gillespie 321-432-4846

Cynthia Conboy 321-394-0532

Need Help?