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Live Webinar

90-minute live streaming program
  • October 29
  • 1:00 - 2:30 pm EST

Also available as:

OnDemand Webinar

Reducing Employee Turnover and Expenses

October 29

Why Do Employees Leave and What Are the Costs of Turnover?

A recovering U.S. economy means a healthy job market. This leads to rising employee turnover and many challenges for employers and managers that find themselves in a war for talent. Learn how to take the necessary steps to identify problem areas, reduce turnover and increase retention and productivity. This topic will assist organizations in determining reasons why they have employee turnover, identifying the costs of turnover, effective retention, performance improvement and compensation best practices in reducing this turnover.

Learning Objectives

  • You will be able to discuss why employees leave.
  • You will be able to review the costs of turnover.
  • You will be able to describe best practices for reducing turnover and retaining top talent.
  • You will be able to explain the importance of having succession plans in place for key roles within your organization.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Why Do Employees Leave?
  • Work Satisfaction - Mismatch Between Skills, Job and Company Culture
  • Work Relations (Inadequate Supervision)
  • Value Proposition (Unequal or Substandard Wages)
  • Operations (Substandard Equipment, Tools, Facilities)
  • Lack of Advancement or Personal Professional Growth
  • Work Life Balance
What Are the Costs of Turnover?
  • Productivity
  • Hiring and Training Costs
  • Employee Morale and Engagement
How to Reduce Turnover and Retain Top Performers
  • Make the Right Hire Through Effective Recruiting, Screening and Interviewing
  • Listen and Take Action on Employee Engagement Survey Results
  • Manage Performance Through:
    • Effective Goal Setting
    • Timely Feedback
  • Provide Development Opportunities
  • Ensure Compensation Is Aligned With the Work Being Done
    • Align Pay for Performance
    • Educate Your Team on the Company's Compensation Practices
    • Provide HR With Accurate Job Descriptions to Ensure the Job Is Appropriately Priced to Market
    • Maintain a Pulse on What the Market Is Paying for Jobs Managed
  • Communicate Effectively and Frequently
How to Prepare for Turnover
  • Have a Succession Plan in Place for Key Roles in Your Department:
    • Determine the Impact of Each Position on Your Department and Ultimately the Organization's Success
    • Determine the Vacancy Risk of Those High Impact Positions (e.g., Retirement, Employee's Marketability, Life Events)
    • Identify Possible Successors and Provide the Critical Experiences and Development Opportunities to Prepare for the Role
    • Know What the Market Is Paying for Like Positions
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on October 2, 2015.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • HR Certification Institute 1.5
     
  • This program has been approved for 1.5 recertification credit hours toward general recertification through the HR Certification Institute. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     
  • CPE 1.8 including Personnel/HR 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.5 hours.
     

Who should attend?

This live webinar is designed for human resource managers, recruiters, employee relations and personnel managers presidents, vice presidents, business owners and managers, supervisors, CFOs and controllers, accountants and benefits and payroll professionals.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tara Morey

Tara Morey

Findley

  • Senior consultant with Findley
  • 20+ years of HR experience (12 years in consulting, 10 years in corporate HR roles)
  • Has the following certifications: Project Management Professional (PMP), Human Resource Information Professional (HRIP) and a Six Sigma Yellow Belt
  • Has presented on multiple topics for many different organizations including the following topics: Hiring for Safety; Measuring Performance – HR Metrics; Employee Performance Management; Automating Performance Management; Knowledge Harvesting; Developing the Next Generation of Leaders
  • M.S. degree in industrial organizational psychology, University of Tennessee at Chattanooga; B.A. degree in psychology, Ohio University, Athens, Ohio
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406359
Published 2015, 2019
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