investment banking employee turnover
TRANSCRIPT
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