Analyze

The initial phase of the Core Function Assessment includes a comprehensive analysis of your organization's Retention - working with the appropriate groups (HRIS, IT, etc) to collect the data necessary for evaluation.  The Retention analysis may include:

  Ø       Understanding your business factors impacting retention

            ·         Business climate & market conditions

·         Growth projections & staffing needs  

·         Retention – current, historical, and projected

Ø       Retention reasons analysis

·         Areas and reasons for positive retention

·         Areas and opportunities to enhance retention

·         Conducting on-site interviews with key stakeholders

Strategize

The Core Function Assessment's second phase utilizes the information, statistics, and key findings from the Analysis phase to develop and create strategies designed to improve retention in key areas.  The Retention strategy may include:

Ø       Validating and/or developing revised retention metrics and staffing needs based on key findings from the Analysis phase

Ø       Utilizing Retention best practices to revise processes and procedures

·         Effectively identify, attract, select, and secure talent

·         Efficiently employ the firm's human and financial capital to address retention opportunities

Ø       Developing communications and training

·         Ensuring management understanding of retention

·         Determining cost impacts to retention

·         Identify the types of training necessary to enhance areas of opportunity

Execute

The final, or Execution, phase of our Core Function Assessments includes the development and implementation of detailed strategies and plans of action.  We assist in the execution of Retention best practices to secure, development and maintain the high caliber of talent needed for success.

Ø       Create an organizational culture that emphasizes the importance of retention

·         Communicate Retention results and goals    

·         Reinforce management’s commitment to goals

Ø       Retention action planning

·         Leverage best practices across the organization

·         Address areas of enhancement

Ø       Implement communication plan and training

·         Ensure organization understands value of retention

·         Ensure organization understands the metrics of retention

·         Training (internal and external) & continuing education