From High Turnover to Retention Success: Strategies to Keep Your Top Talent
In FY24, the Vanderbilt Development and Alumni Relations (DAR) team saw an exciting accomplishment: reduced staff turnover by about 50%. This session will take you through the strategies and unique approaches implemented by our Talent Management team to achieve increased employee retention and satisfaction throughout the employment lifecycle, and how you can do it too.
During this session, we will dive into the no-cost approaches that we took, as well as how we created the business case and return on investment for the strategies that required increased budget allocation. First, we’ll explore how prioritizing our employee feedback informed the creation of a flexible hybrid working environment, and the benefits we have seen. Then, we will share about the intentional check-ins we include in our onboarding process to support new hires’ experience joining our team. Further, we will highlight our succession planning and internal promotion process that we created to best fit our team and leaders.
Finally, we’ll share how we made the business case to invest in an additional full-time employee dedicated to professional development, as well as the creation of a bonus program for all DAR staff, along with the ROI we’ve seen from those investments. Whether you are a talent management team of one or a larger team, we will share practical and data-driven steps you can take to improve retention and employee engagement.