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Total Retention:
Pre & Post Hire
Strategies to Keep
Your Top Talent
Guest Presenters: Dr. Patrick
Hauenstein & John Reynolds
OMNIview
TalentTakeaways
webinar & podcast series
AGENDAThe Series
TalentTakeaways
webinar & podcast series
Talent Takeaways Series
AGENDAAGENDA
 Resource Library
 Product Information
 Product Tour & Demo
The Sponsor
Talent Takeaways Series
Talent Management Made for Managers
Retaining
Key Talent –
Pre & Post
Hire
Strategies
TALENT GAME CHANGER
4
All rights reserved
Turnover is Expensive
5
All rights reserved
 Recruitment of replacement employees
 Training
 Ramp-up period for new employees
 Lost productivity
 Interruption of operations
 Customers are impacted
Retention Impacts Business Results
6
All rights reserved
 Revenue
 Earnings
 Customer Satisfaction
 Quality
 Productivity
 Safety
Poll Question
7
All rights reserved
To what extent is retention a key strategic focus for your organization?
Macro Retention Factors
8
All rights reserved
Economy Industry
Organization
& Job
Key Retention Solution Components…
Set Realistic
Expectations
Select for
Job &
Culture
Fit
Manager
Engagement
Onboarding/
Career
Development
Support
All rights reserved
9
Post-HirePre-Hire
Total Retention Solution Process Flow
10
Realistic Job
Preview
Behavioral
Interview
Job/Culture Fit
Matching HIRED
Opt Out)
No No
Onboard
& IDP
Candidate
Retention
Interview
The Total
Retention
Solution – Pre Hire
Components
11
All rights reserved
“Day in the Life” – Job Realities Overview
Realistic Job Preview – OPT OUT OPTION
Opt Out?
Yes – No
12
• Realistic Positive and Negative “Day in
the Life” Scenarios.
• Opt Out Option for Candidate
Building on the Foundation of
Behavioral Interviewing
13
All rights reserved
Innovation - “Video Stimulus Interview”
Realistic Job Preview Video Stimulus Interview
Progress
Yes – No
14
• Video Vignettes Depicting Critical
Challenges and Behavioral Requirements
• Both Intentional and Behavioral Interview
Questions
• Competency Based
Job and Culture Match Determination
RJP
Behavioral
Interview
Job/Culture
Match
All rights reserved
15
Job/Culture Requirements
Talent Profile
• Assessments
• Self Report
• Interview Data
OFFER/INVEST
Yes – no
Job Fit Matching Elements
16
All rights reserved
Background
Preferences &
Motivations
Competencies
& Technical
Skills
Experience Predispositions Mental Abilities
Culture Elements
17
All rights reserved
Behavioral
Norms
Valued
Traits
Valued
Skills
Beliefs Values
Poll Question
18
All rights reserved
To what extent is culture fit systematically evaluated in your selection processes?
The Total Retention
Solution – Post Hire
Components
19
All rights reserved
Formalized On-Boarding Process
20
All rights reserved
 Orientation to systems, processes, people, etc.
 Buddy System
 90 Day Plan
 Check-In points
 Manager Involvement
Informed Individual Development
Planning
21
All rights reserved
 Experience Map
 Competency Development
 Derailer Awareness
 Logical Career Path
 Individual Retention Factors
 Monitoring/rewarding progress
Retention Is Built Upon Relationships
and Can Be Controlled by…Managers
22
All rights reserved
What is a Stay Interview?
23
All rights reserved
 A periodic, structured 1 on 1 conversation between a manager
and their direct report that identifies and reinforces the factors that
drive retention for that individual employee.
 5 structured, strategic questions
 Approximately 20 minutes in length
 Stay Plan for action items
 Manager retention forecasting
24Stay Interviews ARE Stay Interviews ARE NOT
A structured one-on-one
conversation
Casual discussions
Designed to build trust Only when there is a problem
About the employee About the manager
Open, candid conversations Asking for feedback at a team
meeting
Brief and focused: 20 minutes Random sessions
Conducted by managers
Include a Stay Plan for tracking
and follow-up
Stay Interview Best Practices
25
All rights reserved
 X days after start date
 Every 6 months
 Conducted by direct managers
 20 minute sessions
 5 questions (ask probing questions - listen & take notes)
 1 action item for follow-up is identified – Action Plan
Maximizing Organizational Impact
26
All rights reserved
 Trend Analysis and Data Interpretation
 Organizational Action Planning
 Advanced Analytics/Integration with Other Key Metrics
Some Final thoughts…
 Total Retention Solution requires
Pre-Hire and Post-Hire Strategies
 Innovation Maximizes Results
 ROI is Huge
27
$ ROI $
• Reduce Turnover
• Increase Retention
• Drive New Vision
Behaviors
• Improve
Productivity
• Improve Customer
Satisfaction
AGENDAQ & a
Talent Takeaways Series
Live Q&A
AGENDAAGENDA
Resources & Support
Talent Takeaways Series
 Resource Library
 Product Information
 Product Tour & Demo
HRsoft.com

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Total retention pre & post hire strategies to keep your top talent

  • 1. Total Retention: Pre & Post Hire Strategies to Keep Your Top Talent Guest Presenters: Dr. Patrick Hauenstein & John Reynolds OMNIview TalentTakeaways webinar & podcast series
  • 2. AGENDAThe Series TalentTakeaways webinar & podcast series Talent Takeaways Series
  • 3. AGENDAAGENDA  Resource Library  Product Information  Product Tour & Demo The Sponsor Talent Takeaways Series Talent Management Made for Managers
  • 4. Retaining Key Talent – Pre & Post Hire Strategies TALENT GAME CHANGER 4 All rights reserved
  • 5. Turnover is Expensive 5 All rights reserved  Recruitment of replacement employees  Training  Ramp-up period for new employees  Lost productivity  Interruption of operations  Customers are impacted
  • 6. Retention Impacts Business Results 6 All rights reserved  Revenue  Earnings  Customer Satisfaction  Quality  Productivity  Safety
  • 7. Poll Question 7 All rights reserved To what extent is retention a key strategic focus for your organization?
  • 8. Macro Retention Factors 8 All rights reserved Economy Industry Organization & Job
  • 9. Key Retention Solution Components… Set Realistic Expectations Select for Job & Culture Fit Manager Engagement Onboarding/ Career Development Support All rights reserved 9 Post-HirePre-Hire
  • 10. Total Retention Solution Process Flow 10 Realistic Job Preview Behavioral Interview Job/Culture Fit Matching HIRED Opt Out) No No Onboard & IDP Candidate Retention Interview
  • 11. The Total Retention Solution – Pre Hire Components 11 All rights reserved
  • 12. “Day in the Life” – Job Realities Overview Realistic Job Preview – OPT OUT OPTION Opt Out? Yes – No 12 • Realistic Positive and Negative “Day in the Life” Scenarios. • Opt Out Option for Candidate
  • 13. Building on the Foundation of Behavioral Interviewing 13 All rights reserved
  • 14. Innovation - “Video Stimulus Interview” Realistic Job Preview Video Stimulus Interview Progress Yes – No 14 • Video Vignettes Depicting Critical Challenges and Behavioral Requirements • Both Intentional and Behavioral Interview Questions • Competency Based
  • 15. Job and Culture Match Determination RJP Behavioral Interview Job/Culture Match All rights reserved 15 Job/Culture Requirements Talent Profile • Assessments • Self Report • Interview Data OFFER/INVEST Yes – no
  • 16. Job Fit Matching Elements 16 All rights reserved Background Preferences & Motivations Competencies & Technical Skills Experience Predispositions Mental Abilities
  • 17. Culture Elements 17 All rights reserved Behavioral Norms Valued Traits Valued Skills Beliefs Values
  • 18. Poll Question 18 All rights reserved To what extent is culture fit systematically evaluated in your selection processes?
  • 19. The Total Retention Solution – Post Hire Components 19 All rights reserved
  • 20. Formalized On-Boarding Process 20 All rights reserved  Orientation to systems, processes, people, etc.  Buddy System  90 Day Plan  Check-In points  Manager Involvement
  • 21. Informed Individual Development Planning 21 All rights reserved  Experience Map  Competency Development  Derailer Awareness  Logical Career Path  Individual Retention Factors  Monitoring/rewarding progress
  • 22. Retention Is Built Upon Relationships and Can Be Controlled by…Managers 22 All rights reserved
  • 23. What is a Stay Interview? 23 All rights reserved  A periodic, structured 1 on 1 conversation between a manager and their direct report that identifies and reinforces the factors that drive retention for that individual employee.  5 structured, strategic questions  Approximately 20 minutes in length  Stay Plan for action items  Manager retention forecasting
  • 24. 24Stay Interviews ARE Stay Interviews ARE NOT A structured one-on-one conversation Casual discussions Designed to build trust Only when there is a problem About the employee About the manager Open, candid conversations Asking for feedback at a team meeting Brief and focused: 20 minutes Random sessions Conducted by managers Include a Stay Plan for tracking and follow-up
  • 25. Stay Interview Best Practices 25 All rights reserved  X days after start date  Every 6 months  Conducted by direct managers  20 minute sessions  5 questions (ask probing questions - listen & take notes)  1 action item for follow-up is identified – Action Plan
  • 26. Maximizing Organizational Impact 26 All rights reserved  Trend Analysis and Data Interpretation  Organizational Action Planning  Advanced Analytics/Integration with Other Key Metrics
  • 27. Some Final thoughts…  Total Retention Solution requires Pre-Hire and Post-Hire Strategies  Innovation Maximizes Results  ROI is Huge 27 $ ROI $ • Reduce Turnover • Increase Retention • Drive New Vision Behaviors • Improve Productivity • Improve Customer Satisfaction
  • 28. AGENDAQ & a Talent Takeaways Series Live Q&A
  • 29. AGENDAAGENDA Resources & Support Talent Takeaways Series  Resource Library  Product Information  Product Tour & Demo HRsoft.com