19Jan

How to Improve Employee Retention Rate?

GExSearchStaffing industry

Retaining top talent is essential for any organization. High employee turnover can be costly and disruptive, leading to decreased productivity, increased training expenses, and a negative impact on company culture. On the other hand, a strong employee retention rate can lead to a more stable and successful workforce, which can ultimately drive business growth. So, how can you improve your employee retention rate?

The Problem Statement

The costs of high employee turnover can be significant. According to the Society for Human Resource Management, the direct costs of replacing an employee can fall anywhere between 50% to 250% of that employee’s annual salary. In addition to the financial costs, high turnover can also lead to a decrease in morale and productivity among remaining employees, as well as a negative impact on customer service.

There are many factors that can contribute to high employee turnover. Some common causes include:

1. Lack of career development opportunities: Employees may leave if they feel that they are not being given the opportunity to grow and advance within the organization.

2. Poor work-life balance: Employees may leave if they feel that their job is taking up too much of their personal time and energy.

3. Low job satisfaction: Employees may become disengaged and leave if they are not fulfilled by their work or if they feel that their contributions are not valued by the organization.

4. Poor working relationships: Employees may leave if they do not get along with their co-workers or feel that they are not supported by their managers.

How to Improve your Employee Retention Rate?

To improve your employee retention rate, consider implementing the following strategies.

1. Provide ongoing training and development opportunities: Investing in the professional growth of your employees can help them feel more fulfilled and engaged in their work.

2. Create a positive work culture: A supportive and collaborative work environment can go a long way in keeping employees happy and motivated.

3. Address employee concerns and complaints: Prompt resolution of employee concerns and complaints improves job satisfaction and builds trust within the organization.

4. Offer competitive compensation and benefits: Attractive salary and benefit packages can help retain top talent and attract new employees.

Conclusion

Improving your employee retention rate requires a combination of strategies, including providing ongoing training and development, creating a positive work culture, addressing employee concerns and complaints, and offering competitive compensation and benefits.

At GEx Search, we ensure that all these strategies are taken care of comprehensively. We believe that by investing in employees and by creating a supportive and fulfilling work environment, we can build a strong and stable workforce that drives business growth and success.

Do you have any additional tips for improving employee retention? Share your thoughts in the comments section below.

21Dec
GEx- Your Undercover Offshore Recruiter

GEx- Your Undercover Offshore Recruiter

GExSearchSeamless hiring, Staffing industry, Staffing services

What is Offshore recruiting?

Offshore recruitment is essentially a process of outsourcing a company’s recruitment tasks and needs to a third-party firm specializing in recruitment services.

Third-party organizations usually take the form of overseas employment corporations. Right from managing the entire recruitment front, including sourcing, interviewing, screening, and onboarding services, to providing administrative support, these corporations can help you significantly accelerate your company’s recruitment health.

Companies that use offshore recruitment do so in an attempt to either find cost-effective alternatives or unique expertise that’s not easily accessible locally.

Benefits of offshore recruitment

Partners in offshore recruitment provide enterprises with a wide range of benefits. Accessing top-skilled resources is the most significant of them. Companies that require competent individuals for their projects but lack the time or resources to do it themselves will find offshore recruitment providers to be the perfect option.

These third-party firms usually specialize in offshore and global recruitment, ensuring that the right talent and company find each other even from across the world.

It is a well-established fact that the right set of employees can significantly accelerate a company’s growth and take it down the path of success. According to an article published by The Economist, offshore recruitment firms can help cut down on 30% of the training and infrastructure costs of a company.

GEx Search is one such progressive global recruitment company, specializing in Global and Offshore recruitment services. With our innovative strategies and expertise in the field, we find the perfect talent that your business needs from around the globe and bring them to you. We at GEx Search understand the needs of every organization and work towards fulfilling them to the best possible capability. Our tireless drive towards perfection makes us one of the best placement agencies, nationally & internationally!

What makes GEx better?

1. Business Success: We believe in blending ideas with the right approach to get the best results. Our growth-centric and result-oriented approach ensures your company never misses out on the top and best employees. Our algorithm-driven profile match plays the role of a corporate cupid, matching the right employees to their required companies. We ensure the success of every business we partner with. Our services are optimal and are designed to provide clients with a simple, quick, and efficient recruitment process. Our experience working with various industries over the years allows us to work efficiently with diverse client needs.

2. Our Values and Dedication: What sets us apart from other recruitment firms is the set of values we hold as a firm. We stand by our strong values of loyalty and accountability toward our clients. Throughout the requirement process, our dedicated team members will be there for you every step of the way. We love to watch your business grow and achieve success.

3. Transparency: We stand out among other recruitment firms because of our transparent values and clear communication with our clients. We believe in being more collaborative to build a better understanding of them. We are open and honest with our clients, which fosters trust and improves teamwork.

Hiring the right recruitment firm can be an absolute game changer for your business, and what better time to partner with the right team than at the beginning of the year? Let’s work together and make your brand the biggest success for the year 2023 and the years to come after that.

30Sep
Staffing consumes a lot of business time and more so when it comes to offshore staffing.

Things you Should Know About Offshore Staffing and Its Benefits

GExSearchStaffing services

Staffing consumes a lot of business time and more so when it comes to offshore staffing. Do you have that kind of time or should you focus on your business and let someone else find the best talent for your brand? The answer is to hire a premium staffing company and gain an edge over the competitors.

A staffing agency takes care of operational issues such as filling in sudden vacancies, hiring employees for a short-term project, looking for a specific skill set in international talent pool and more. Let’s talk more about offshore staffing and understand why businesses should work with an offshore staffing company.

Offshore Staffing is Challenging

And costly, if a wrong person is hired. Offshore staffing or recruitment is the process of finding and hiring skilled-workers outside the base country. Therefore, if staffing is difficult, offshore staffing calls for double the efforts.

Hiring in skilled workers in another country is best done by a company that is already present there and understands the workforce mindset along with the local regulations. With an offshore staffing company, you can hire full time-staff, part-time staff, contract-to-hire staff, temporary staff and also direct-hire full-time staff.

Read on to understand the points to remember while choosing an offshore staffing agency and their benefits.

Points to Remember While Choosing a Staffing Company

1. Identify the Core Expertise

Staffing agencies have different core expertise such as specific industry hiring, position hiring, bulk hiring, etc. When you set out to hire an agency, start by identifying the specialization of the company.

2. Hiring Strategy

How does a company source its resumes? How do they assess a candidate? What kind of background check services they use? All of these are important hiring strategies that need to be considered before hiring an offshore staffing company.

3. Costing and Services

Costing is of course a crucial factor while considering a staffing agency. You must compare the pricing offered by a company with the services offered by them.

4. Experience

Hiring experience is key to excellent services. Therefore, it is important to consider service experience and performance records. 

5. Reputation and Reviews

An excellent work record is sometimes reason enough to choose a staffing agency. Or maybe not because the staffing agency should excel in your industry and should also have decent pricing. But a good reputation and top-notch reviews are a must.

Benefits of Offshore Staffing

Want reasons to choose an offshore staffing company? Here’s are 5 compelling ones.

1. Offshore Staffing Company Reduces Costs

Human resources cost a lot of money to the employer in terms of overheads such as over time, allowances, insurance and more. An offshore staffing company takes care of all these expenses through temporary staffing and other methods.

2. Offshore Staffing Company Takes Care of Processes

Hiring is a time-consuming process with n number of sub-processes that require the time and energy of a team of managers. An offshore staffing company that takes this burden and ensures that your human resource team is available for other important functions and tasks.

3. Offshore Staffing Company Enables Quick Hiring

Offshore staffing company provide you with the ability to hire quickly. You just have to mention the need and the results will be delivered in no time. 

4. Offshore Staffing Company Provides Access to International Talent Markets

Finding skilled workers outside the country is easier said than done. But that narrative changes when you hire an offshore staffing company. It provides you a hotline to the international talent and also enables quick recruitment.

5. Offshore Staffing Company Increases ROI

This one is a given after all the benefits and reasons that we have discussed above. With offshore staffing companies, businesses can reap several benefits and they all lead to an increased ROI.

Offshore Staffing Company is for Everyone

Offshore recruitment companies are a good idea for businesses of all types and sizes. You should hire one for your offshore recruitment needs and leave it to the experts to find the best brains beyond the borders. GEx Search can help you tap into the global talent market and create a brand that works and serves everywhere.