As the price of gas rises, and prices rise, many lower paid, i.e., (low grade) employees will have to choose between moving to be closer to work or changing their jobs to be closer to their home. The result will be increased turnover, unless companies take steps to reduce turnover in lower grade jobs.
AÂ general point – even in low grade jobs, where turnover is very high, half of turnover is not voluntary. In many cases, individuals in low grade jobs face seasonal layoffs. In addition, individuals may not make it through the probationary period.
In addition, it is not enough to track turnover statistics. You should be doing exit surveys and stay interviews to find out why people leave and why they stay.
The following is my basic checklist for retention in low grade or low pay jobs.
Look at basic survival needs and soft perks, do you offer
- Transportation assistance?
- Housing assistance?
- Child care help?
- Health care? On site health clinics.
- Are you sensitive to work-family issues?
- Food, a company lunch room?      Â
A major factor in voluntary turnover is pay
- Make sure income level is adequate – are you paying a living wage?
- Do you do some time of market analysis and justify your position?
- Do you do some type of internal analysis – grading system?
- Do you have a fair system of raises?
- Do you offer competitive benefits?
Many low grade workers must work a second job
- Do you offer flexibility in hours or scheduling so an individual can work a second job?
- In rural areas, individuals may own farms, do you allow time off for farming?
{ 1 comment… read it below or add one }
Nice site. There’s some good information on here. I’ll be checking back regularly.