Over the past decade, uncertainty has been the rule rather than the exception for the auto industry. Sophisticated customers with a high level of consciousness and awareness, evolving market needs, and need for digitization has demanded that the industry adapt and rethink business processes quickly to remain relevant.
The automotive industry has always been faced with a high percentage of employee turnovers, the number currently bordering at a soaring 33%. For every three sales people a dealer hires, one doesn’t make it past 90 days and only one makes it to year three. This coupled with the availability of less than 20% skilled workforce to choose from and a 24% looming retirement rate leaves the industry at a far place from being the employer of choice for most. The COVID-19 pandemic further adds to this trouble with its lingering effects of record-high unemployment and a rock bottom consumer confidence due to health and safety concerns.
As the industry juggles between these issues and successfully trying to reboot business, having a robust HR system is of utmost importance now more than ever to effectively manage, engage and communicate with employees to achieve results.
The future car industry will be part of an ecosystem that is able to continuously evolve and deliver world-class customer value through enhanced experiences and innovation. HR4 helps you drive performance and growth while you manage every aspect of your business with a fully integrated yet customizable HR software solution. Research by the National Automotive Dealers Association found that a 10% improvement in employee turnover adds $7,500/employee to a dealer’s profit. That’s a million dollars if you have over 130 employees!
- Attract more applicants, hire higher quality employees faster
- Extend job offers and convert applicants to employee profiles
- Digitally and remotely onboard new employees
- Train and measure employees through the platform to get them hitting targets faster
- Automate processes and perform better with real-time results
- Attract top talent through winning job ads and a standardized hiring process
- Improve & accelerate your onboarding process and timeline
- Grow employee’s skills through online training modules
- Take control of your teams with our painless end to end employee lifecycle management system