Do you know the cost of turnover for your organization? A conservative estimate is $200,000 per executive separation. Research shows that 40% of external hires into executive roles leave their jobs within the first 18 months. Our consultants use a variety of tools to analyze the drivers of unwanted turnover and address the issues at the individual, the team, and the organization levels. We also work with clients to define and implement targeted strategies that get at the root cause of employee retention challenges. KCG had worked in the following areas:
- Understanding the root cause of turnover. We mine existing data (attrition data, exit interviews, engagement surveys, new hire surveys etc.) and conduct focused interviews with search partners, line managers, and executives. This analysis paints a balanced picture of the turnover issues at your company, and helps to focus responses in the right areas.
- Improving the accuracy of candidate assessment. We develop candidate assessment tools that are tailored to your business strategy and your organization’s needs. For example, we create competency-based structured interview guides and “train-the-trainer” modules for your HR team so they can improve the interviewing skills of line managers.
- Using a structured process for onboarding and assimilating new executives. KCG has helped dozens of executives “take charge” during their first 90 days on the job. We combine a variety of assessment and planning tools to help new leaders get focused and have a lasting impact.