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MARCH RELEASE

GROWING FIRMS RECRUIT AND RETAIN EM- PLOYEES DIFFERENTLY The 2016 Recruitment & Retention Survey of Architecture, Engineering, Planning & Environmental Consulting Firms has statistics relating to all the latest methods used to hire and keep your firm’s most important resource it’s people. This survey contains data about recruiting methods and policies, training, HR departments experiences, attitudes, and challenges regarding the hiring and firing process, turnover rates, and compensation and benefits. Here’s a sample of date from the Recruitment & Retention Survey : z Zweig Group’s inaugural

SHOP SMARTER! If you’re considering purchasing a survey from Zweig Group, why not share your data, too? The more firms that submit information, the more comprehensive each survey document is, and the more useful it is to other firms. Plus, survey participants receive a coupon code for 65 percent off the survey of their choosing or 50 percent off a mini-survey (that’s a savings of $321.75 and $125, respectively). So, shop smarter: Participate in a survey before you purchase; save money and help z Company Car Survey – open until March 15 z Social Media Mini-Survey – open until March 20 z Policies, Procedures, & Benefits Survey – open until March 27 your industry be the best it can be! These surveys are closing soon: z Utilization Mini-Survey – open until April 10 z Website Mini-Survey – open until April 24 The more you participate, the more opportunities you have to save! Visit info.zweiggroup.com/survey- participation today or email research@zweiggroup. com for more information. COMING SOON! z Merger & Acquisition Survey – March 11 z Travel Reimbursement Mini-Survey – April 1 z Cell Phone & Mobile Devices Survey – April 15

Recruitment & Retention Survey shows that industry-wide about 64 percent of firms have an in- house hiring/recruitment staff. For fast- and moderate-growth firms, that number jumps to 76 percent

and 77 percent, respectively. z More than three-quarters (78 percent) of survey respondents said it takes their firm, on average, more than 30 days to hire a candidate for a vacant position. Only 62 percent of fast-growth firms said they required more than 30 days to fill an employee vacancy; 38 percent said they filled open positions in less than 30 days. z Overall, 53 percet of firms said that they will consider counter-offers when attempting to hire a candidate. Fast-growth firms are only slightly more likely (55 percent) to consider counter-offers, but moderate-growth firms are much more likely, with 66 percent of respondents saying that they do so. z The overall average voluntary turnover rate for firms responding to the Recruitment & Retention Survey was 12 percent. Fast- and slow-growth firms report a slightly lower rate (11percent and 9 percent), moderate growth report a slightly higher rate (13 percent), but among fast-decline firms, the rate skyrockets to 47 percent. z The overall average involuntary turnover rate for firms is 6 percent, and both fast- and moderate-growth firms report slightly lower numbers (5 percent and 3 percent). The 2016 Recruitment & Retention Survey also features relevant data from Zweig Group’s most recent Policies, Procedures & Benefits Survey of A/E/P & Environmental Consulting Firms , giving this product the added value of two surveys in one!

z Company Car Survey – April 20 z Social Media Survey – April 29

DEAR CHRISTY, from page 9

eventually hand the reins over to your son, especially at a finite date. z Have a backup plan. Make sure you have other leaders in the firm that are inter- ested in ownership opportunities in case your son decides it’s not in his or the firm’s best interest for him to take over. Even if he does take over, he will need good support and leadership. My final piece of advice: Th inking about ownership transition is something that many firm owners don’t do until far too late. Passing ownership to a family member can be a viable and successful option, but it requires as much planning and cooperation (if not more) than other options. Don’t consider letting your son take over lightly or use it as a last resort. CHRISTINA ZWEIG is a Zweig Group research and marketing. Contact her at christinaz@zweiggroup. com.

THE ZWEIG LETTER March 7, 2016, ISSUE 1142

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