Get the Employee Retention & Attraction System to Build the Team to Achieve Your Pharmacy’s Potential
The High Cost of Turnover and Recruiting
What’s the real price of perpetual turnover and recruitment? You can calculate the hard costs, which are significant enough. But can you tally the intangibles? The time demands, the hassles and the fear of losing key personnel? Patient experience and business results suffer due to unwanted turnover and a lack of quality candidates to fill open positions. If your time is too dominated by recruiting and retraining, how do you expect to execute the priorities and plans you have for your pharmacy?
Build the Team You Need
Competitive compensation and a well-defined system for Employee recognition and reward is essential to retaining valued staff and attracting quality prospects. The TalentLogistics Employee Retention and Attraction System is designed to provide transparent performance appraisals and compensation reviews every year. By directly linking performance to compensation, the system highlights and helps to retain your prized employees while working within your overall compensation budget. At a time when your operation needs every advantage to compete, make sure you secure the employees you value and improve your prospects of attracting the best talent possible.
- Owner at Simpson Pharmacies
With WorkforceWins, we do employee appraisals and compensation reviews every year to retain our employees. It includes a company-wide incentive plan to drive attention to my priorities for the business.
The ‘Build Your Best Pharmacy Team’ Plan
TalentLogistics is a five-step annual process for optimizing Employee retention and attraction, and building the pharmacy team you need.
1. Compensation Review
We review your pharmacy’s compensation structure every year to align them with external benchmarks, fit within your budget, and optimize impact on retention.
2. Peer Reviews
We collect confidential 360 feedback for all employees from peers and supervisors alike to support transparency and fairness of the process.
3. Workforce Decisions
We walk you through the key decisions for every employee regarding their performance rating and qualitative feedback, wage adjustments, and any incentive-based pay.
4. Review Workbooks
All decisions are captured in an electronic, self-contained Employee Review Workbook for each employee.
5. Review Meetings
You (or the Employee’s Manager) meet with each employee using the Employee Review Workbook as a guide.
- Co-Owner at Purehealth Pharmacies
WorkforceWins project manages our annul employee appraisals and compensation reviews so that we proactively reward our valued employees. It is an important part of building the team we need for pharmacy expansion.
Book a Demo and Quote Today
Make your move from the frustration, fear and doubt of being an employer and enjoy the empowerment and confidence that will free you to deliver exceptional patient experience, achieve desired pharmacy profitability and growth, and reach your goals for pharmacy expansion, succession and sale.