MRA's Tools & Expertise
Talent attraction, retention, and turnover can dramatically impact your bottom line. The competitiveness of your business is directly correlated to your talent strategy since great employees are an investment in your company’s success.
Learn what attracts top performers to your organization, what motivates them to stay, and why they leave. MRA’s expertise and tools are available to help your organization identify and prioritize key focus areas. Our data solutions give you the information needed to execute a plan that delivers organizational value.
We offer the following retention tools:
Talent Strategy Assessment
Our proactive and holistic Talent Strategy Assessment helps your organization identify areas that can bring the most return on investment as you link your talent and business strategy. Whether you are a beginner in your journey or looking to continuously improve, our expertise can highlight options for impact. What should your organization start, stop, or continue to achieve results?
Candidate Experience Survey
According to CareerBuilder’s 2015 Candidate Behavior Study, “Candidates are less likely to buy from you…after a bad experience during the interview (69%), didn’t hear back after the interview (65%), didn’t hear back after submitting an application (58%), after receiving a low offer letter (45%).” Source http://www.careerbuildercommunications.com/candidatebehavior/
MRA can identify areas to set your organization apart – as a sought after employer – for attracting, recruiting, and hiring top talent. Measuring the Candidate Experience helps identify areas to focus on when attracting top talent. Understand an applicant’s perceptions from researching the job opening to accepting the job offer. Why was the candidate rejected for the position? Has the experience left the candidate likely to reapply to a future position? This survey measures perceptions from both hired and rejected applicants.
Quality of Hire Report Card
Did you know that within the first 18 months of employment, up to 40 percent of new hires quit their jobs?
The Quality of Hire Report Card measures your return on investment for the individual hired. We expect people to be productive in their roles faster than ever before. Our business pace is fast and we don't have time to wait for long onboarding and ramp-up times. Quality hires dramatically increase your competitiveness in today's business world.
While organizations agree it is an important metric, there are not a lot of standards in place for measuring. Whether an organization is small, medium, or large, we can provide cost-effective measurement tools.
New Hire Interview or Survey
Has it become more or less difficult to hire staff in your industry?
█ 1% Less Difficult to Hire
█ 39% No Change
█ 60% More Difficult to Hire
Source: 2015/2016 Pay Trends & Talent Strategies Survey
According to MRA’s 2015/2016 Pay Trends & Talent Strategies Survey, 60% of member companies reported that it has become more difficult to hire staff for their industries. Despite this daunting statistic, there are ways to dramatically improve your odds. Employee retention starts on day one. Uncover issues that can lead to costly and unwanted turnover. New Hire Interviews or Survey insights can help you quickly and accurately determine key issues to address and also help you to develop new hires into long-term, productive employees.
Stay Interview or Survey
According to MRA’s 2016 MRA Turnover Survey, 68% of participating companies said that the primary reason employees left voluntarily were for a similar job at another company.
Conducting Stay Interviews is a proactive approach to retain top talent. Gather data that provides your organization with actionable information to help reduce the chance of unexpected or regrettable turnover. Make changes as necessary to build and sustain a high-performing, high-retention workforce. MRA specializes in assisting employers set up an in-house program that produces quality results. We recommend conducting stay interviews by a third party until your culture and processes are in place and support this initiative.
Exit Interview or Survey
The cost of replacing an employee ranges from six month’s salary for an hourly employee to 18 month’s salary for a professional employee.
Losing standout employees is never easy, but learning the reasons behind their departures is invaluable. Leveraging data from an Exit Interview or Survey can help you to influence strategic plans and big picture decisions for continuous improvement. A neutral third party can capture the candid feedback in confidence.
We're Here To Help
Using one-on-one interviews and online surveys, MRA’s experts can assist you. We ask the right questions, interpret the data, and offer valuable insights to help you build an effective talent retention strategy. Unlock the knowledge to help attract and retain top talent and reduce the high cost of turnover.