Employee retention is a key challenge in organisations today and business can experience strong competition for talent in the workforce. At times it is not only difficult for business to find the right employees but it can be harder to retain them in the long term. To retain staff, organisations need to understand what is important to their employees and how to engage them. Committed employees can add to business success and profits. Retaining good employees should be a priority and many retention practices can be inexpensive to implement.
There are many benefits of having strong employee retention rates namely; higher engagement levels, solid productivity, lower turnover rates and retention of organisational know how, skills and knowledge. Organisations which have healthy retention rates can also have higher customer satisfaction levels and stronger growth and sales.
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Frequently Asked Questions
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