New employee retention at an engineering and construction services provider
New employee retention (based on numbers of new hires staying for at least 2 years) was a key issue for Freese and Nichols (F&N), a US provider of engineering and construction services, and in 2010 a three year integration plan was introduced to help new employees assimilate into the culture and work environment. In 2008 F&N had a new employee retention rate of 67.5% against a target of 70%. In 2009 the retention rate increased to 77% against the target of 86%. In 2010 the firm estimated the ret...
BPIR Categories15.4.5 Employee recruitment, retention, succession plans
15.4.1 Employee satisfaction/dissatisfaction