UBCNews - Apps & Software

How To Improve Employee Retention At Car Dealerships: Experts Offer New Tips


Listen Later

Dealerships across the country are facing a crisis, and yet no one seems to be talking about it. The simple fact is that keeping talent these days for longer than 2 years is growing increasingly difficult, bordering on impossible.

Don't believe me? Look at the national statistics! Automotive dealerships have a turnover rate of 67%, double the national average and well out of step with the rest of the economy. This means that dealerships are hemorrhaging talent, which hurts not only the businesses themselves but the consumers as well.

In troubled times such as these, we must recognize that it is okay, even necessary, to ask for help. That is why Retentrics is stepping up to offer that help in the form of comprehensive consulting services, and to show they mean business, they have even fully rebuilt and optimized their website for 2025.

Their data analysis services will instantly bring your organization's biggest problems into focus, whatever they may be, allowing you to efficiently target and correct those problems. This leads not only to a more efficient operation but to happier, more fulfilled employees as well.

Experts suggest that the high national turnover rate may have something to do with the overall perception among young talent that dealership jobs are meant to be temporary, but other voices in the industry disagree. They point to operational challenges and frustrating structural issues within the industry as the main reason younger employees tend to quickly vacate their positions.

These are the issues that Retentrics specializes in fixing, offering comprehensive consulting assistance to identify areas of your company’s operation that may be standing in the way of growing your retention rate. These services offer analysis at all levels, from upper management to the new hire experience, to ensure that no potential issues are missed.

To accomplish this, their team follows a 3-step plan that they call “assess, analyze, action” to provide you and your team with a top-down view of your most pressing organizational issues. As the name would suggest, their method involves careful observation and data collection to lay the groundwork of an action plan, which they will then directly oversee the execution of, providing detailed reports at every step.

One client satisfied with their experience stated, “Retentrics provided valuable insights and facilitated engaging discussions, despite some email issues. The detailed reports and personalized service were particularly appreciated.”

If you are interested in partnering with Retentrics to implement positive change at your dealership, call 833 378-7839 to speak to a representative. Their recently rebuilt website, complete with a new introductory video and members’ page, can be found at the link in the description.

Retentrics
City: Tampa
Address: 802 East Whiting Street
Website: https://retentrics.com

...more
View all episodesView all episodes
Download on the App Store

UBCNews - Apps & SoftwareBy UBCNews