Does your car dealership suffer from the cost of its employee turnover rate? Would you like to root out the reasons and learn how to fix them? Then sign up for the beta test version of Rententrics’ retention improvement platform.
There’s nothing like having a well-trained and dedicated team around you when running a car dealership. But, if your turnover rates aren’t great, the frustration and costs of constantly hiring new team members can be exhausting.
So, if you want to learn how to improve your employee retention, join the second Beta test of Retentrics! Take advantage of their founders' pricing deal until December 31st and pay $4,995 for the year (the service will move full pricing in 2024 at $9,995 annually!) to get insight into the reasons for your employee turnover rates and identify areas of opportunity for retaining staff through various assessments.
Visit https://retentrics.com for more information.
Following the successful Alpha and the first round of beta testing in August 2023 and after certain changes, alterations, and improvements to the software, Retentrics' beta test version provides relevant, data-driven results based on employee feedback which you can use to build a strategy aimed at curtailing turnover rates and associated costs.
According to recent Institute for Research on Labor and Employment data, the average cost of replacing an hourly employee can exceed $4,000, and losing a worker can cost a company one half to two times their salary. For car dealerships, the amount could be even higher as the training costs for new staff members often extend past their initial hiring. Retentrics helps dealership owners like yourself reduce employee turnover with their retention analytics platform.
The platform offers an Engagement Assessment that you can give to your employees to gather data related to staff morale and leadership. Retentrics will then analyze the information collected to identify the common causes for employees leaving your company and areas of opportunity that can be addressed. Based on the insights, you can incorporate steps to retain staff in the form of a corrective action plan, while continuing to perform assessments to monitor progress.
A spokesperson for Retentrics said, “We believe that you can create a positive employee experience that will retain top talent, drive performance, and strengthen company ethos.”
The platform also features a calculator where you can estimate the annual cost of your employee turnover, based on your dealership type and the number of your current and lost employees, and the amount you can save if you improve retention.
In addition to the Engagement Assessment, Retentrics also offers New Hire and Exit assessments to determine an employee's first impressions and reasons for leaving, respectively, with assessments on security, technology, and procedures to be available soon.
Reduce your car dealership’s employee turnover rates: join the beta test of Retentrics’ employee assessment platform!
Get all the details at https://retentrics.com
