Employee retention is most definitely one of the most important challenges that many businesses are facing today.
At the same time, the cost of attracting, recruiting and onboarding new employees is consistently on the rise, thus making it essential to find ways to keep the best people from leaving. Yet, keeping good people is not enough. Organisations need to ensure that these people are motivated and engaged to increase the probability that they stay longer.
There are a number of strategies that can be effective in employee retention. One is to provide competitive salaries and benefits. Another is to create a positive work environment that is conducive to job satisfaction.
Finally, it is important to offer opportunities for career advancement (career advancement is not only limited to promotions, and we shall deal with this topic in later posts).
By taking steps to address these factors, organisations can increase the likelihood that their employees will stay for the long term.
We can help you develop a solid employee retention strategy. Contact us for more info.