The realities of work in the 21st century have turned the average American employee into a nomad, wandering from organization to organization in search of better opportunities. Statistics from the Bureau of Labor show the median length of time an employee sticks with one organization to be just 4.6 years, a discouraging number for organizations forced to constantly recruit for the same positions.
But with the proper offboarding policy supported by streamlined HR operations, an offboarding employee can still add value to your organization by becoming one of your best recruiters for new talent. In addition to helping you find high-quality hires for your organization, the offboarding process gives you an opportunity to identify where you lag behind the competition through a frank discussion with offboarding employees.
Before offboarding employees shuffle out of the office for the last time, you need to make sure you’ve wrapped up the following tasks in order to consider the offboarding process a successful one:
Our data shows 47% of quality hires come to organizations through referrals. If just 5% of new hires during the next 5 years come to an organization through referrals, it reduces recruiting costs by $2.5 million.
With those kind of numbers in play, you’ll want to tap all of the expertise available in streamlining HR systems to make your offboarding process as efficient as possible. Our team at Sibson Consulting can work with you to put in place HR operations that automate the drudgery and busywork so you can focus on turning exiting employees into your strongest recruiting assets.
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