Retention Begins Before The Job Interview?

Retention has become a pivotal challenge in today’s corporate landscape, but the company’s biggest competitor is “business as usual”. With turnover costs mounting and the competition for top talent intensifying, organizations must rethink their retention strategies. Standard approaches to retention have been deemed subpar for today’s volatile market, evolving employee needs, and growing business demands in this economy. Organizations typically default to compensation, highlighting benefits and rewards. As research shows, compensation and benefits are no longer the top driving forces for employment loyalty, now what? What if I told you, that retention strategies begin at the job interview?

The Interview: The Crucial First Step in Retention

The job interview is more than a platform for assessing candidates' skills and fit; it is the first opportunity to set the stage for a lasting employment relationship. Research indicates that job seekers often form opinions about their likelihood of staying with an employer based on their interview experience. According to a study by the Society for Human Resource Management (SHRM), 60% of candidates report that their interview experience significantly influences their perception of an organization. First impressions matter.

A survey by the Talent Board shows that candidates who have a positive interview experience are 38% more likely to accept a job offer and are 50% more likely to remain with the company after three years. These statistics underscore the importance of creating an inclusive, transparent, and engaging interview process that attracts top talent and sets the stage for long-term retention.

Read the full LinkedIn Article and Subscribe to “The Culture Compass” here: https://www.linkedin.com/pulse/retention-begins-before-job-interview-atkins-phr-shrm-cp-lssbb-lqccf/?trackingId=67CU2IwmQnmuuAeeS9aD8g%3D%3D