September 2024

Achieving Long-Term Employee Retention

In the SpotlightHiring AdvicePeople Strategy
LVI - Case Study - Achieving Long-Term Employee Retention

Key takeaways

  • Five professionals placed in under a month, filling two senior positions and creating new strategic roles
  • Positioned client for long-term scalability by building a stronger team equipped to meet future challenges
  • Enhanced workforce satisfaction by improving workload balance and retention strategies

The challenge

Retention is critical to ensuring lasting business growth, and when clients hemorrhage staff to a competitor, having the support of a specialist talent partner is integral to protecting that company’s reputation. 

LVI Associates worked with a Pennsylvania-based company that faced a sudden and critical talent gap after losing two senior managers to a competitor within a short time frame. This unexpected attrition placed significant strain on the remaining workforce, who were overwhelmed with covering the vacant roles. As dissatisfaction grew, the risk of further attrition loomed, jeopardizing the company’s stability, reputation, and growth.

The solution

Understanding the urgency of the situation, our team acted swiftly to identify and address the client's immediate and long-term needs. Within four weeks, we:

  • Conducted a workforce analysis to determine additional hires that would alleviate pressure on the existing team and enhance productivity.
  • Placed five professionals, quickly replacing the senior management roles while adding strategic new positions to align with the company’s growth objectives.
  • Provided the client with retention strategies to improve long-term employee satisfaction and loyalty, lowering future attrition risks.

The results

The rapid placements stabilized the client’s operations and prevented further talent losses. By swiftly addressing the critical vacancies and expanding the team with strategic hires, the client was able to maintain operational efficiency and meet critical deadlines. The new hires not only alleviated the burden on the existing workforce but also strengthened the team’s overall capacity, allowing the company to pursue its business goals with renewed focus.

Workforce satisfaction also improved significantly as a result of the enhanced workload balance and retention strategies we implemented. Internal surveys highlighted a marked reduction in stress and an increase in morale among employees. 

Summary

This successful collaboration highlights the impact of a having a proactive, dedicated talent partner when facing workforce challenges. By combining speed, efficiency, and our deep industry insights, we not only addressed this company’s immediate hiring needs but also set the foundation for sustainable growth, driving future organizational success.

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