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Companies should focus on employee retention

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Jordan.Lee
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Employee retention has become a major concern for corporates in the current scenario. Individuals once being trained have a tendency to move to other organizations for better prospects. Lucrative salary, comfortable timings, better ambience, growth prospects are some of the factors which prompt an employee to look for a change. Whenever a talented employee expresses his willingness to move on, it is the responsibility of the management and the human resource team to intervene immediately and find out the exact reasons leading to the decision. https://www.managementstudyguide.com/importance-of-employee-retention.htm
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Jordan.Lee
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Employee retention is perhaps one of the most important factors that contributes to the growth and success of a company. The dynamics between an employee and his work place is a delicate balance of give and take. Without the right amount of involvement and support, employees can feel undervalued and ignored. The answer to boosting employee retention lies in engagement!
7 mths
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How important is it for companies to implement effective employee retention strategies?
7 mths
Markus.Green
Markus.Green followed this discussion
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Roughly 17% of employees leave within three months of starting on a position, according to Bamboo HR. Talk about a short honeymoon period! One minute your latest employee has that new hire glow and the next, they are brainstorming terrible excuses to miss work and interview elsewhere.
7 mths
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High employee turnover can damage employee morale and workplace culture, as well as the company bank account (replacing team members often costs tens of thousands)
7 mths
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Employee retention is a disturbing concern among HR personnel all over the world these days. To make it worse, an alarming number of HR professionals overlook the importance of employee retention. The reason being that most HR personnel fear of losing their jobs if they no longer require recruiting new people.
7 mths
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Though job-hopping is the new normal for us millennials, there are ways human resource department can make employees stick around and prevent them from jumping the ship
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I always believed in the idea that employees are the most valuable resource a company has. Following this idea I would say that employee retention is very important for every company.
7 mths
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I always believed in the idea that employees are the most valuable resource a company has. Following this idea I would say that employee retention is very important for every company.
I share the same sentiments. To boost the relationship between a company and its employees, a performance management system can be highly efficient. Such a system is covering many facets that are important to retain talents.
7 mths
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The cost of turnover is extremely high, but even more important is the effect on the employee morale. People will keep wondering about what is wrong with this place. Where focus should be on processes, output and its quality, flaws will be fish the employees are looking for.
7 mths
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Employee Retention is of extreme importance to the organization both quantitatively and qualitatively.
7 mths
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Retaining a positive and motivated staff is vital to an organization's success. High employee turnover increases expenses and also has a negative effect on company morale. Implementing an employee retention program is an effective way of making sure key workers remain employed while maintaining job performance and productivity
7 mths
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A company can significantly benefit from employee retention programs because of a direct effect on an employer’s bottom line. High turnover can be very expensive. According to the Society for Human Resources Management, “employee replacement costs can reach as high as 50 to 60 percent of an employee’s annual salary.” Strategies geared towards retaining good workers helps offset employee replacement costs and reduces the indirect costs such as decreased productivity and lost clients.
7 mths
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Employee retention practices help support an organization’s productivity. Recruiting and training new employees takes time.
7 mths
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Employee retention is crucial for any business size, large or small. The success of a workplace is directly proportional to the happiness and satisfaction levels of its employees. This, in turn, has a linkage to how well the employees perform on projects which deliver value to the customer
7 mths
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Effective retention strategies often begin during the employee recruitment process. Employees are more inclined to remain with a company that fulfills the promises made when their employment offer was extended.
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