Employee Attraction and Retention Analysis

Key Associates uses the Human Asset Vulnerability Analysis (HAVA™),  created by the Work Institute.  Human assets are the human capital of an organization – the combined knowledge, skills and experience of a company’s workforce and the combined buying power of a company’s customer.  HAVA™ is an integrated high-tech/high touch decision-support tool for companies interested in knowing why  talent comes to the organization, why talent continues to be attracted to an organization, why talent is leaving the organization, and why talent would or wouldn't work for/buy from the organization again. This intelligence provides insight on what the organization is doing to drive people away and what it could be doing to attract and retain talent. 

THIS SELF- SERVICE SOFTWARE INCREASES ACCESS TO INFORMATION AND TURNAROUND TIME FOR FEEDBACK, REDUCES ADMINISTRATIVE COSTS, AND INCREASES COMPLETENESS AND ACCURACY OF INFORMATION.

The ability to track attraction and exit reasons over time provides valuable strategic intelligence to determine actions, and evaluate the effects of actions to improve hiring and retention.  The compelling case to utilize human asset vulnerability analysis is to manage costs associated with talent attraction and retention strategies.   Companies need to realize that the talent war is a critical skills and knowledge war.

Contact Us to learn more about our customized studies.

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Here are some reasons why companies have sought  our help:

Exit Analysis, properly conducted, will reduce the ratio of human resource expense to operating expense. The connection between reduced turnover and profitability is clear — fewer turnovers equals more money to your bottom line.

• A restaurant company determined that stores with lower turnover (less than 100%) had profit margins more than 50% higher than those with higher turnover rates (150% +).

• A retail chain determined that stores with lower turnover (<22%) showed higher sales per employee.

• A trucking company increased profits by 50% by cutting turnover in half.

Exit Analysis, conducted by outside, third party, objective and talented researchers can provide an immediate return on investment for companies.

• A hospital experienced an immediate return on investment when they were able to re-attract an experienced clinical pharmacist, who had voluntarily quit 3 weeks prior. The hospital calculated the re-attraction of the pharmacist as a $75,000 savings. Annual costs for exit analysis in this hospital are approximately $15,000.

• A trucking company experienced a 62% interest in return rate among truckers and warehouse talent who voluntarily resigned.

Properly conducted, exit analysis identifies illegal, unethical, and financial impropriety  issues a company needs to know about and affirmatively act upon.

• Multiple healthcare organizations have uncovered drug abuse, drug diversion, weapons on site, and inappropriate patient contact and have been able to investigate, remedy, and eliminate risk.

• An accounting company has identified the Work Institute’s Affirmative Responsibility inquiry as the "Arthur Andersen/Enron" item.

• The Affirmative Responsibility item(s) were generated by health care organizations interested in forming a responsible and active Corporate Compliance model.

For consultation on your information needs about how to identify, recruit, engage, develop, retain/re-attract, and re-deploy talent, contact us at  keyassocs@mindspring.com or 1-888-655-3901.