In the world of business, hiring and firing is an unfortunate part of daily life. But what if you hired the right people and they stuck around? Imagine the savings in both time and money. Here are three articles to give you an idea of the true cost of turnover, and how companies like auto dealers can keep their top performing employees.
Bad Hire or Bad Onboarding? 10 Tips for Successful New Hire Assimilation
Sometimes even after all the screening and interviewing your new shiny hire still ends up being a dud. If this seems like a trend, it might be time to take a step back and make sure that your onboarding practices are not contributing to the failure of these new hires. This article gives you 10 tips to ensure your new hire has a smooth transition.
Experts Say Pay, Perks, Career Paths Can Help Retention
David Undercoffler discusses the issue of high turnover in the auto industry, specifically on the service side. With a high demand for good technicians, these sought-after employees can have their pick of jobs…and quickly find a new one if they so desire. In this article we learn what tactics some dealers are taking to retain the cream of the crop.
NADA Study Reveals 71% Turnover for Dealership Sales Positions
Yes, you read that number right! NADA released their annual Dealership Workforce Study at the end of last year. This study reports the costs of turnover in all different sizes of dealerships and all different positions. Especially eye-opening were the retention rates for sales positions and investigation into what’s contributing to these dismal numbers.