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5 Proactive Steps
to Cut Turnover
HOW A CULTURE OF COMMUNICATION CAN SAVE YOUR
BOTTOM LINE
WWW.EPAYSYSTEMS.COM
Our
Featured
Speakers for
Today’s
Webinar
2WWW.EPAYSYSTEMS.COM
Michelle Lanter Smith
Chief Marketing Officer
EPAY Systems
John Gaudiuso
Sales Engineer
EPAY Systems
3
• Intro to EPAY
• Turnover Statistics
• 5 Steps to Cut
Turnover
• Demo
WWW.EPAYSYSTEMS.COM
Agenda
WHAT WE’LL
COVER IN TODAY’S
DISCUSSION
WWW.EPAYSYSTEMS.COM
WWW.EPAYSYSTEMS.COM 4
EPAY Systems Overview
CHICAGO BASED
TECH COMPANY
FOUNDED 2001
SERVING HOURLY
WORKFORCE
ENVIRONMENTS
PROVIDER OF COMPLETELY UNIFIED,
FULL SERVICE HCM SOLUTIONS
75,000+ WORKSITES
FREE PREMIUM CUSTOMER
SUPPORT
24 HOURS/DAY
7 DAYS/WEEK
365 DAYS/YEAR
INDUSTRY LEADER
UNIQUELY FLEXIBLE CLOUD
BASED TIME & LABOR
MANAGEMENT TECHNOLOGY
99%
CUSTOMER
RETENTION
Understanding Turnover
Definition: the rate that employees leave a business and are replaced
WWW.EPAYSYSTEMS.COM 5
Forced separation - Firing
Voluntary Separations - Quitting
There are 2
main
contributing
factors to high
turnover rates
Turnover Statistics by Industry
Construction –
55.7%
Leisure/hospitality -
73.8%
WWW.EPAYSYSTEMS.COM 6
* Source: Bureau of Labor and Statistic 2016 JOLTS report
High Turnover Industry
Do the Math
WWW.EPAYSYSTEMS.COM 7
If you have 1,200 employees
with a turnover rate of 50%
That's 600 new employees per year
Average cost of $4,129 per employee
600 x $4,129 =
$2,477,400 per year in turnover costs
Insert stock photo
SHRM
reports the
average new
hire cost is
$4,129
1. Create a Job Description
2. Recruit Selectively
3. Screen Applicants
4. Onboard New Hires
5. Manage Performance
5 Steps To
Cut
Turnover
8WWW.EPAYSYSTEMS.COM
Engage Early
CUT TURNOVER IN THE HIRING PROCESS
WWW.EPAYSYSTEMS.COM 9
New Employee Turnover
0%
10%
20%
30%
40%
50%
60%
70%
80%
45 DAYS 6 MONTHS 1ST YEAR
New Employee Turnover
WWW.EPAYSYSTEMS.COM 10
New
Employee
Turnover Over
Time
1. The Job Description
• Be honest with the
description, without
being brutally honest
• Post to multiple job
boards
• Have a response plan
in place
WWW.EPAYSYSTEMS.COM 11
55% of hourly workers
“are frustrated most by
employer’s lack of
response in job search.”
*Source: Snagajobs’ 2016 State of the Hourly Worker Report.
2. Recruitment
• Be selective with interviews –
add knock-out questions
• Ex:
o What certifications do you have?
o Are you licensed to use these
machines?
1. “Why did you leave
this job? How about
that one?”
2. “Where do you see
yourself 6 months
from now? How about
in a year?
3. “Tell me about a
conflict you had at
work and how you
resolved it.”
WWW.EPAYSYSTEMS.COM 12
Know what questions to ask
3. The Screening Process
Take the time for background checks and reference checks
WWW.EPAYSYSTEMS.COM 13
A reference check will
give you insight into
how they perform in a
work environment
Background checks
will pull up criminal
history and major
employment
complications
“85% of survey respondents
uncovered a lie or
misrepresentation on a
candidate’s resume or job
application during the
screening process – up from
66% five years ago.”
*Source: 10th Annual HireRight Benchmark Survey
Engage Often
BUILD RETENTION THROUGHOUT EMPLOYMENT
WWW.EPAYSYSTEMS.COM 14
of employees who work
for a manager
who does not meet with
them regularly
are engaged.
4. Employee Onboarding
• Engage employees in the company culture through onboarding
WWW.EPAYSYSTEMS.COM 15
Getting new hires
engaged in your company
culture and participating
as early as possible has
proven to reduce the rate
of departure by as much
as
*According to a study done by Gallup
5. Performance Reviews
• Use performance reviews to set clear expectations
• Recognize that the review process is always a two-way street and encourage
employee reflection - show you listened
WWW.EPAYSYSTEMS.COM 16
of employees
are unsure what
expectations
are for them at
work
Gains in
productivity
Fewer safety
incidents
Set clear expectations
WWW.EPAYSYSTEMS.COM 17
Pre-Hire to Retire:
One Seamless Platform
ACATAX MANAGEMENT ANCILLARY SERVICESPAYROLL OUTSOURCING
DELIVERED AS A SERVICE
CLOUD-BASED SOFTWARE
APPLICANT
TRACKING
BENEFITS
ADMINISTRATION
HUMAN RESOURCES
MANAGEMENT
PAYROLL & TAX
MANAGEMENT
TIME & LABOR
MANAGEMENT
SELF SERVICEMOBILE ANALYTICSREPORTING
PERFORMANCE
MANAGEMENT
Recruiting & Applicant Tracking
WWW.EPAYSYSTEMS.COM 18
Post to leading
job boards and
social
networks.
Easily sort,
classify and
rate
candidates.
Tag
applications
for easy
lookback.
Seamlessly
convert
applicants to new
hire records.
STREAMLINE THE
REVIEW PROCESS
Hire the Right Candidates Faster and Grow Your Business
Onboarding & Benefits Enrollment
WWW.EPAYSYSTEMS.COM 19
▪ Capture accurate employee data one time only; data feeds
seamlessly to HR and payroll
▪ Make sure proper tax forms are completed based on employee
work sites and residences
▪ Ensure I-9 compliance with electronic processing and approvals
▪ Provide new hire training, policy review and more, and capture
electronic signatures for sign-off
▪ Customize electronic benefit enrollment workflows, ensuring only
applicable benefits are available to employees
Also available
in SPANISH
Speed New Hire Onboarding
Performance Management
WWW.EPAYSYSTEMS.COM 20
▪ Automated Performance Reviews
▪ Easy to create 360-Degree
Feedback Programs
▪ Ongoing feedback loop through
Journaling
▪ Statistics dashboard for employee
review status updates
Effectively Develop Your Employees
WWW.EPAYSYSTEMS.COM 21
• Integration with
leading job
boards
• Unlimited users
with full system
access
• Screening q’s,
keywords,
applicant tagging
• Video
interviewing
• Email and SMS
messaging and
templates
• Mobile
• Spanish
applications
APPLICANT
TRACKING
• Plan
administration
• Open enrollment
• COBRA
management
• ACA compliance
reporting
• Carrier Connect
(data feeds)
• 401K file feed
BENEFITS
ADMINISTRATION
• Complete payroll
and tax
processing
• Accommodation
of multiple
FEINs, states
and localities
• Garnishment
processing
• Year-end tax
filing
• New hire
reporting
• Free pay card
program
PAYROLL & TAX
MANAGEMENT
• Flexible pay
rules
• Scheduling
• Accruals
• Budgets &
job costing
• Workforce
analytics
• Wage & hour
compliance
• Mix & match
time
collection
options
TIME & LABOR
MANAGEMENT
• New hire
onboarding with
electronic I-9 and
e-verify
• Skills, education
& performance
tracking
• Employee &
manager self-
service
• Document & task
management
• OSHA, EEO &
Workers’ Comp
reporting
HUMAN RESOURCES
MANAGEMENT
PERFORMANCE
MANAGEMENT
• Automated
performance
and self-
reviews
• 360 degree
surveys
• Compensation
dashboard
• Learning
content
integration
• Goal
management
• Statistics
dashboard
• JournalingStandard Reports and Custom Reporting Tool
Demonstration
WWW.EPAYSYSTEMS.COM 22
Connect with Us
on Social Media
23
Visit Our
Website
www.EPAYsystems.com
Download today’s slides
Take a 2-minute Tour
Request a personalized demo
WWW.EPAYSYSTEMS.COM
Questions?
WWW.EPAYSYSTEMS.COM 24

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5 Steps to Cut Your Turnover

  • 1. 5 Proactive Steps to Cut Turnover HOW A CULTURE OF COMMUNICATION CAN SAVE YOUR BOTTOM LINE WWW.EPAYSYSTEMS.COM
  • 2. Our Featured Speakers for Today’s Webinar 2WWW.EPAYSYSTEMS.COM Michelle Lanter Smith Chief Marketing Officer EPAY Systems John Gaudiuso Sales Engineer EPAY Systems
  • 3. 3 • Intro to EPAY • Turnover Statistics • 5 Steps to Cut Turnover • Demo WWW.EPAYSYSTEMS.COM Agenda WHAT WE’LL COVER IN TODAY’S DISCUSSION WWW.EPAYSYSTEMS.COM
  • 4. WWW.EPAYSYSTEMS.COM 4 EPAY Systems Overview CHICAGO BASED TECH COMPANY FOUNDED 2001 SERVING HOURLY WORKFORCE ENVIRONMENTS PROVIDER OF COMPLETELY UNIFIED, FULL SERVICE HCM SOLUTIONS 75,000+ WORKSITES FREE PREMIUM CUSTOMER SUPPORT 24 HOURS/DAY 7 DAYS/WEEK 365 DAYS/YEAR INDUSTRY LEADER UNIQUELY FLEXIBLE CLOUD BASED TIME & LABOR MANAGEMENT TECHNOLOGY 99% CUSTOMER RETENTION
  • 5. Understanding Turnover Definition: the rate that employees leave a business and are replaced WWW.EPAYSYSTEMS.COM 5 Forced separation - Firing Voluntary Separations - Quitting There are 2 main contributing factors to high turnover rates
  • 6. Turnover Statistics by Industry Construction – 55.7% Leisure/hospitality - 73.8% WWW.EPAYSYSTEMS.COM 6 * Source: Bureau of Labor and Statistic 2016 JOLTS report High Turnover Industry
  • 7. Do the Math WWW.EPAYSYSTEMS.COM 7 If you have 1,200 employees with a turnover rate of 50% That's 600 new employees per year Average cost of $4,129 per employee 600 x $4,129 = $2,477,400 per year in turnover costs Insert stock photo SHRM reports the average new hire cost is $4,129
  • 8. 1. Create a Job Description 2. Recruit Selectively 3. Screen Applicants 4. Onboard New Hires 5. Manage Performance 5 Steps To Cut Turnover 8WWW.EPAYSYSTEMS.COM
  • 9. Engage Early CUT TURNOVER IN THE HIRING PROCESS WWW.EPAYSYSTEMS.COM 9
  • 10. New Employee Turnover 0% 10% 20% 30% 40% 50% 60% 70% 80% 45 DAYS 6 MONTHS 1ST YEAR New Employee Turnover WWW.EPAYSYSTEMS.COM 10 New Employee Turnover Over Time
  • 11. 1. The Job Description • Be honest with the description, without being brutally honest • Post to multiple job boards • Have a response plan in place WWW.EPAYSYSTEMS.COM 11 55% of hourly workers “are frustrated most by employer’s lack of response in job search.” *Source: Snagajobs’ 2016 State of the Hourly Worker Report.
  • 12. 2. Recruitment • Be selective with interviews – add knock-out questions • Ex: o What certifications do you have? o Are you licensed to use these machines? 1. “Why did you leave this job? How about that one?” 2. “Where do you see yourself 6 months from now? How about in a year? 3. “Tell me about a conflict you had at work and how you resolved it.” WWW.EPAYSYSTEMS.COM 12 Know what questions to ask
  • 13. 3. The Screening Process Take the time for background checks and reference checks WWW.EPAYSYSTEMS.COM 13 A reference check will give you insight into how they perform in a work environment Background checks will pull up criminal history and major employment complications “85% of survey respondents uncovered a lie or misrepresentation on a candidate’s resume or job application during the screening process – up from 66% five years ago.” *Source: 10th Annual HireRight Benchmark Survey
  • 14. Engage Often BUILD RETENTION THROUGHOUT EMPLOYMENT WWW.EPAYSYSTEMS.COM 14
  • 15. of employees who work for a manager who does not meet with them regularly are engaged. 4. Employee Onboarding • Engage employees in the company culture through onboarding WWW.EPAYSYSTEMS.COM 15 Getting new hires engaged in your company culture and participating as early as possible has proven to reduce the rate of departure by as much as *According to a study done by Gallup
  • 16. 5. Performance Reviews • Use performance reviews to set clear expectations • Recognize that the review process is always a two-way street and encourage employee reflection - show you listened WWW.EPAYSYSTEMS.COM 16 of employees are unsure what expectations are for them at work Gains in productivity Fewer safety incidents Set clear expectations
  • 17. WWW.EPAYSYSTEMS.COM 17 Pre-Hire to Retire: One Seamless Platform ACATAX MANAGEMENT ANCILLARY SERVICESPAYROLL OUTSOURCING DELIVERED AS A SERVICE CLOUD-BASED SOFTWARE APPLICANT TRACKING BENEFITS ADMINISTRATION HUMAN RESOURCES MANAGEMENT PAYROLL & TAX MANAGEMENT TIME & LABOR MANAGEMENT SELF SERVICEMOBILE ANALYTICSREPORTING PERFORMANCE MANAGEMENT
  • 18. Recruiting & Applicant Tracking WWW.EPAYSYSTEMS.COM 18 Post to leading job boards and social networks. Easily sort, classify and rate candidates. Tag applications for easy lookback. Seamlessly convert applicants to new hire records. STREAMLINE THE REVIEW PROCESS Hire the Right Candidates Faster and Grow Your Business
  • 19. Onboarding & Benefits Enrollment WWW.EPAYSYSTEMS.COM 19 ▪ Capture accurate employee data one time only; data feeds seamlessly to HR and payroll ▪ Make sure proper tax forms are completed based on employee work sites and residences ▪ Ensure I-9 compliance with electronic processing and approvals ▪ Provide new hire training, policy review and more, and capture electronic signatures for sign-off ▪ Customize electronic benefit enrollment workflows, ensuring only applicable benefits are available to employees Also available in SPANISH Speed New Hire Onboarding
  • 20. Performance Management WWW.EPAYSYSTEMS.COM 20 ▪ Automated Performance Reviews ▪ Easy to create 360-Degree Feedback Programs ▪ Ongoing feedback loop through Journaling ▪ Statistics dashboard for employee review status updates Effectively Develop Your Employees
  • 21. WWW.EPAYSYSTEMS.COM 21 • Integration with leading job boards • Unlimited users with full system access • Screening q’s, keywords, applicant tagging • Video interviewing • Email and SMS messaging and templates • Mobile • Spanish applications APPLICANT TRACKING • Plan administration • Open enrollment • COBRA management • ACA compliance reporting • Carrier Connect (data feeds) • 401K file feed BENEFITS ADMINISTRATION • Complete payroll and tax processing • Accommodation of multiple FEINs, states and localities • Garnishment processing • Year-end tax filing • New hire reporting • Free pay card program PAYROLL & TAX MANAGEMENT • Flexible pay rules • Scheduling • Accruals • Budgets & job costing • Workforce analytics • Wage & hour compliance • Mix & match time collection options TIME & LABOR MANAGEMENT • New hire onboarding with electronic I-9 and e-verify • Skills, education & performance tracking • Employee & manager self- service • Document & task management • OSHA, EEO & Workers’ Comp reporting HUMAN RESOURCES MANAGEMENT PERFORMANCE MANAGEMENT • Automated performance and self- reviews • 360 degree surveys • Compensation dashboard • Learning content integration • Goal management • Statistics dashboard • JournalingStandard Reports and Custom Reporting Tool
  • 23. Connect with Us on Social Media 23 Visit Our Website www.EPAYsystems.com Download today’s slides Take a 2-minute Tour Request a personalized demo WWW.EPAYSYSTEMS.COM