The importance of employee retention is being recognized more and more lately, and for good reason. High turnover doesn’t just disrupt workflows, but it also affects team morale. Moreover, it directly affects the financial performance of businesses. A Gallup analysis revealed that nearly half of U.S. employees are actively searching for new job opportunities. And that a quarter of individuals plan to quit their current jobs.
However, there is also encouraging news. Even though turnover is a natural phenomenon that is bound to happen in any organization, there are many factors that you can control.
52% of employees who voluntarily leave their jobs believe their managers could have taken steps to retain them. So, let’s shift our focus to what managers can do now to prevent even more employees from leaving.
The Key to Employee Retention: ENGAGEMENT
- Give Onboarding All That You’ve Got
- Recognize Employees Regularly
- Collect Feedback & Actually Act On It
- Become a Better Leader
- Foster a Positive Company Culture
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