investment banking employee turnover

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Page 1: Investment Banking Employee Turnover

Sources:1 http://www.bizlings.com/toolkit/sbg/ofce-hr/managing-the-workplace/employee-turnover-issues- tactics.aspx2 http://knowledge.wharton.upenn.edu/article/why-external-hires-get-paid-more-and-perform-worse- than-internal-staff/3 http://business.time.com/2013/11/10/the-real-reason-new-college-grads-cant-get-hired/4 4 http://www.careerbuilder.com/article/msn-75-interviewing-how-to-evaluate-candidates-soft-skills

Forward looking rms are hiring grads from beyond the nance and accounting realms4

More tactics for retention success:bit.ly/RPCorporateTraining

SUPPLEMENT SOFT-SKILLS HIRES WITH INVESTMENT IN TECHNICAL SKILLS TRAINING

INCREASE PROFITABILITY

EXPAND YOUR

TALENT POOL

REDUCE TURNOVER

TO

MANY EMPLOYERS ARE BETTING IT’S MORE PROFITABLE TO HIRE FOR CULTURAL FIT AND POTENTIAL

of U.S. senior executives cited soft skills as the biggest skills decient in the American work force2, 3

44%

(Double the amount who cited technical skills when asked the same question2, 3)

EMPLOYEE TURNOVER COSTLYIS

External hires cost employers

more in salary1than internal hires

18 - 20%

External hires fare worse on performance evaluations during the rst two years of employment than internal hires1

HIGH EMPLOYEE TURNOVER CAN AFFECT THE BOTTOM LINE OF ANY SIZED FIRM