71
Goals in this section can be used with managers and
supervisors who are involved in workforce planning, hir-
ing candidates, and ensuring that the best employees are
retained.
Employee Retention
■Ensure that employees who are not performing to stan-
dards either improve within three months of notifica-
tion by their manager or are terminated.
■Ensure that key, valuable employees are identified by
their managers and retained at a rate of at least 90%.
■Research salaries to ensure that offers are attractive
enough to retain valuable employees.
■Address organizational issues that may contribute to
above-average turnover rates.
■Ensure that your managerial behavior does not con-
tribute to loss of key employees.
■Provide sufficient work challenges for younger, high-
potential employees, to rate at least 4 out of 5 for “work
challenges” on surveys of employees hired within last
three years.
■Develop career development plans with high-value
employees to improve retention.
■Ensure that 85% of new hires are retained past the pro-
bationary period.
■Maintain employee turnover rate at 10% less than
industry average.
Forecasting
■Provide workforce need projections to Human
Resources by Dec. 1.
Personnel/Hiring/Retention
Copyright © 2004 by The McGraw-Hill Companies, Inc. Click here for terms of use.