Winning Retailers Challenge the Economy and Invest in Talent Acquisition

April 29, 2009

According to the Saratoga Report, the average turnover cost per employee is $2,000 for hourly retail jobs. A proactive strategy to increase retention begins with validated assessments for job fit in talent selection, even before live interview time is invested. On-line tools can preview a “day in the life” at the hiring organization and showcase manager’s expectations and engagement strategies. An online tool also helps to keep top performers by building career paths and exposing internal opportunities to employees. Being able to navigate promotion opportunities preserves the company’s knowledge of experienced talent. Both external and internal career sites provide talent with opportunities and managers with a database to recruit from before going to third party recruiters.

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