An effective employee retention program is essential for companies looking to attract top talent and reduce unwanted employee turnover. It’s also critical to business performance because it’s more efficient to retain your best employees than recruiting, onboarding, and developing new talent. Here are 12 of the most successful strategies for improving employee retention.
Employee turnover is costly for companies. In fact, recent studies estimate the average cost to replace a worker is approximately one-third of their annual salary. And there are productivity, recruitment, and onboarding costs too. The good news is that you can do things, starting today, to retain talent & boost employee morale.
It can be exciting to welcome new team members to your company. But if you’re doing it too often, you may have an employee retention issue. Top Workplaces understand the importance of employee retention, and they excel at minimizing unwanted turnover. Here are eight benefits they gain from employee retention and how you can achieve the same.
There’s a lot of buzz about employee turnover right now, as well as the hiring challenges that will result. With all of this attention on talent, companies are focused on improving their recruitment strategies. But it’s equally critical to think about what you could – and should – be doing to avoid unwanted employee breakups in the first place.
Energage and USA TODAY partner to publish Top Workplaces USA