Employee retention surveys can be used in a number of ways. Administering a survey to your employees can help in more areas than just retention. If your company isn't offering a survey to employees now is a great time to start.
There has been a wave of unhappy employees in the finance sector over the past 5 years. Having happy employees is the easiest way to insure you have happy clients. More and more investment banking companies are probing their employees to make sure they are satisfied with their arrangement.
A happy employee can equal a happier customer. If an employee is upset or not happy with their job they will have a hard time offering a high level of customer satisfaction. If an employee doesn't feel valued they won't appreciate the company and may end up leaving. In the meantime they can do a lot of damage to your business.
If your company does a lot of recruiting, summer sales for example, having current employee feedback can help identify areas of strength to focus on and let you know where things need to improve to draw in the best sales people out there. Sales can be a competitive market and this can give you an advantage over your competition.
Everyone knows that high turnover costs valuable time. In the business world time equals money. Save yourself the headache of interviewing, hiring and training new people when you can work with your current employees and keep them satisfied. An online survey can do wonders at gathering information.
You can easily start using employee retention surveys. There is a lot of information online that can help. You can write your own or there are many companies available that will come in and do all the work for you. The survey can remain neutral, anonymous or any other requirement you may have. When the survey is done online you will have instant access to information. Help your business grow and improve by retaining employees. You'll save yourself time, money and energy in the long run.