Car dealerships looking to reduce employee turnover rates can now sign up for the recently launched beta test version of Rententrics’ retention improvement platform.

Tampa, United States - December 1, 2023 /PressCable/ —

The recent beta test launch comes after the successful Alpha and the first round of beta testing in August 2023. Following certain changes, alterations, and improvements, Retentrics offers owners of car dealerships insight into the reasons for their employee turnover rates and identifies areas of opportunity for retaining staff through various assessments.

More information is available at https://retentrics.com

Created specifically for the automobile industry, the newly available software provides relevant, data-driven results based on employee feedback which can be used by business owners 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 reduce employee turnover with their retention analytics platform.

The platform offers an Engagement Assessment that can be given to a dealership’s employees to gather data related to staff morale and leadership. Retentrics then analyzes the information collected to identify common causes for leaving a company and areas of opportunity that can be addressed. Based on this data, dealership owners can incorporate steps to retain staff in the form of corrective action plans, 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 dealership owners can estimate the annual cost of employee turnover, based on their dealership type and the number of its current and lost employees, and the amount they can save if they 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.

Car dealerships eager to join the second test cycle can benefit from favorable pricing options until the end of 2023.

Interested parties can find more information by visiting https://retentrics.com

Contact Info:
Name: Retentrics Team
Email: Send Email
Organization: Retentrics
Address: 802 East Whiting Street, Tampa, Florida 33602, United States
Website: https://retentrics.com

Source: PressCable

Release ID: 89115109

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