Use Employment Verification to Retain Employees
One place you can turn to is your friendly neighborhood employment verification vendor, of course! Through the use of data analytics your employment verification vendor can quickly and easily identify departmental and possibly more granular areas of retention concern. For example, using data analytics will enable you to identify which organizational areas have a higher than average turnover rate and potential contributing factors such as a common manager, lack of schedule flexibility, or pay differential.
Many times solutions to retention concerns are far easier than they may appear but solid analysis must be completed first. Otherwise, your organization runs the risk of riding on the never-ending merry-go-round of ineffective solutions because time wasn’t spent to truly understand the cause of your retention issues.
Unlike the financial performance of mutual funds, employee retention is one area where the past can be a very strong predictor of the future. Your employment verification provider can partner with you today, as well as other specialists, to not only identify areas of concern but also, to design and implement a customized retention approach.
Depending on your needs, solutions may be cost-effective, immediate, and customized to your specific needs rather than a generalized approach to the entire organization. It all starts with data analytics and effectively utilizing your employment verification vendor.
Partner with i2Verify and we’ll provide data analytics that will help you retain your employees, and more, with our employment and income verification service that’s free for employers.