The document outlines five keys to hiring and retaining great employees: 1) define job requirements, 2) conduct a search of candidates, 3) interview candidates and select one, 4) onboard the new hire, and 5) set goals, check in regularly, and keep promises to help employees succeed long-term. It notes the high costs of employee turnover, especially for mid-level positions, and stresses the importance of finding the right candidate for the job through a thorough selection process rather than focusing only on a "perfect" candidate.
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Stop the Revolving Door FINAL
1. Stop the Revolving Door
Five Keys to Hiring and Keeping
Great Employees
息 Keys to Performance 2011
2. Costs of Turnover
$5,700 $10,000 for
entry level workers
In excess of $50,000 for
mid-level hires
息 Keys to Performance 2011
3. Five Keys
Define what youre looking for
Conduct search
Conduct the interview
Select the candidate
Onboard the new hire
息 Keys to Performance 2011
4. Sowhat are you looking for?
The perfect employee OR
The employee who will do the job.
息 Keys to Performance 2011
5. Where will you look?
Many options
May depend on how urgent/difficult
息 Keys to Performance 2011
6. How will you decide?
Review paper
record
Narrow field
Interview candidates
息 Keys to Performance 2011