Final answer:
The HR director should address the high turnover in a key position by providing a realistic job preview during the interview process. This can include refresher training for managers, updating job descriptions, and explaining the costs of high turnover.
Step-by-step explanation:
An organization is grappling with a high turnover rate for a key position, and research suggests that the issue may stem from non-competitive compensation, benefits, and possibly a misrepresentation of the job's responsibilities during the hiring process. To address this, the HR director should consider multiple actions to improve the situation. First and foremost, the HR director can provide a realistic job preview, ensuring that the hiring managers accurately portray the day-to-day activities of the role during interviews. This can be achieved through different strategies:
• Conducting refresher training for all managers on effective interviewing techniques, emphasizing the importance of presenting a realistic and accurate job description during the hiring process. This includes in-depth training for new managers.
• Partnering with managers to revisit and update current job descriptions to better reflect on-the-job experiences.
• Discussing the fiscal impact of high turnover and the potential costs associated with it, to underline the significance of a truthful portrayal of the position from the outset.
Implementing these actions should thus help the hiring managers understand the criticality of a realistic job preview, which in turn may reduce early turnover and improve the likelihood of attracting candidates who are a better fit for the job and more likely to stay with the company long-term.