Overcome Costly Turnover
TDM provides the strategy, the plan, the tools, and the continuous support you need to cultivate an environment where your talent not only stays, but thrives. Your leadership and our support are a powerful combination.
The TDM Strategy for Talent Retention
TDM’s comprehensive strategy (Assess | Coach | Train) ensures that you’re aligned with the needs and aspirations of your talent so you can help them grow with your organization. Through strategies including updating policies, creating mentorship programs, and providing professional development opportunities, we help you foster professional growth and a culture of belonging.
Talent Retention Assessments identifies organizational strengths and challenges.
Through our assessment process, we take a deep dive into your organization’s current retention rates, employee satisfaction levels, and potential churn factors. This data-driven approach identifies areas of improvement and celebrates existing strengths. We customize our assessment approach based on your organization. Tactics can include surveys, policy reviews, dashboard development, stay interview implementation, listening sessions, and more.
Talent Retention Coaching builds a culture of belonging.
Engagement is crucial for retention. TDM’s programs focus on creating an inclusive atmosphere where every voice matters. From mentorship programs to regular feedback sessions, we ensure that employees feel heard, understood, and valued.
We also offer strategic coaching to HR leaders to guide the development of policies and procedures that support retention efforts. Examples include:
- Succession planning
- Holiday/PTO, Bereavement, and Parental Leave, along with new types of leave
- Wellness benefits
- Educational/development opportunities
Learn more about TDM’s coaching services:
Training fosters career growth through skills development.
A crucial part of retention is ensuring career growth. TDM’s workshops and online courses cater to skill enhancement, leadership training, and personal development, making sure your talent sees a promising future within the organization.
Additionally, TDM Microlearning enables your team to explore customized learning journeys based on the topics they need support in. TDM content includes MicroVideos, how-to guides, best practices checklists, templates, and more.
Organizations Thriving with TDM
Retention: The Key to Success
Turnover can be costly over time. Direct turnover costs include the cost of leaving, replacement costs, and transition costs. On top of that, indirect turnover costs include the loss of production and reduced performance. Research by SHRM suggests that replacement costs can be as high as 50%-60% of an employee’s salary with overall costs ranging anywhere from 90%-200%. Prioritize practices that promote retention to save money, time, and get back to focusing on what matters most.
Frequently Asked Questions
What is talent retention, and why is it crucial?
When companies focus on retaining their top talent, employees are less likely to be looking for a new job, saving the organization money and time. Replacing an employee can take months and cost one-half to two times the individual worker’s annual salary. Low turnover also improves morale and company culture, as loyalty and camaraderie increase with workforce stability. And, the customer experience benefits from contact with seasoned employees, creating greater brand loyalty and higher profitability.
How does an inclusive workplace impact talent retention?
Inclusive workplaces are welcoming to all employees and foster a sense of belonging that boosts engagement, group cohesion, motivation, commitment, and employee satisfaction. Happy, satisfied employees are more likely to stay with their current employer.
In inclusive, employee-focused workplaces, every individual gets the support they need to do their best work. Companies can boost well-being and professional success through personalized incentives, accommodations, and feedback. The strongest organizations are those that nurture engagement, loyalty, and trust by creating a personalized and employee-centered culture.
How can TDM enhance my organization's talent retention strategy?
TDM’s programs focus on creating an inclusive atmosphere where every voice matters. We can help you foster a culture of belonging that will enable you to attract and retain the most talented people. From mentorship programs to regular feedback sessions, we ensure that employees feel heard, understood, and valued.
Our comprehensive Assess, Coach, Train approach ensures that you are giving your employees the support they need to succeed and grow with your organization. Through insightful surveys, targeted professional development, and expert guidance, we can help you inspire and motivate your employees, so everyone sees a promising future within the organization.