Employee turnover is detrimental and costly for all types of organizations. Every single time an employee leaves, it becomes necessary to put resources forth to hire another employee to fill the vacancy and to train that new employee. There is often a costly lag in production as a new employee is brought up to speed, and there is no guarantee that the new employee will stay or provide the same quality of insights or labor as the former employee.
While there will always be some turnover, there are many things that can be done to reduce turnover rates. An HRIS can be used strategically to assist with reducing turnover in the following ways.
Raise Hiring Standards
Hiring the right people from the start is a great approach for reducing turnover. Employees with the right qualifications that fit well with the company culture are much more likely to stay on. HR software that assists with recruitment makes it easier to raise hiring standards without devoting a ton of money or time.
Gauge Employee Satisfaction
An HRIS can assist with gauging employee satisfaction directly through the use of employee surveys. Some solutions offer social feeds and messaging options that can be used for feedback and connection. These tools can help employers to communicate with employees and get a less biased view of the way that employees interact with one another and how involved in the company they are.
Assist with Development
One major reason that employees cite for leaving jobs is a lack of opportunity for advancement. HR software can be integrated with learning management systems that allow employees to take development into their own hands and work on advancement at their own pace. Of course, it’s imperative for companies to pair succession planning with these tools and track employees’ progress to be used for raises and promotions in order for this to be a successful strategy.
Set Goals and Expectations
Micromanagement is another big reason that many employees seek new employment. Some HRIS solutions can be used for goal setting and as a library for company and position information. By giving employees access to resources and empowering them to view and update their own goal and task information, it’s possible to avoid micromanagement while setting high expectations for employees.
Improve Work-Life Balance
Full-time employees generally schedule their lives around their work schedules. HR software solutions can be used to communicate schedules ahead of time, making it easier for employees to plan events and appointments around work. Self service portals can also be used by employees to request time off, view paychecks, and change information in real-time, which can all save employees time while improving their satisfaction with the company.
Analyze and Identify Turnover Patterns
Reporting functions offered through most HRIS solutions can be used to analyze turnover information and potentially identify patterns. Noticing that employees tend to quit at higher rates in August when children go back to school or when they are scheduled mostly for shifts with a certain manager can assist you with making decisions that will effectively reduce turnover.
The right HRIS can help you to reduce turnover rates if you use the features in certain ways. Figuring out which features could help you may be instrumental in narrowing down your options if you are in the market for a new HRIS, or you may find that you have some features available and simply need to use them differently.