Employee retention

Employee retention refers to the ability of an organization to retain its employees. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).

  • Trends in HR are ever changing. Every year new trends arise due to the issues that HR face and the discussion around how to solve them. Employee experience is the latest trend taking hold of the HR industry. With companies being faced with the task of creating environments that make people genuinely want to show up to work.


  • Talent banking is an important tool for attracting top professionals to your company. This database makes it easier for you to connect with the talents who care about your product or service. This way, when it comes to hiring, you open the selection process from your bank's already filtered names and thus save time and resources in recruiting.

     

  • Smart recruitment is one of the growth drivers of the most innovative companies in the market. As you know, bringing the best professionals to your team is essential to getting the results you want. And to make this process easier, faster, and better, you need to combine Human Resources intelligence with the new technologies that HR offer.


  • When it comes to effective staff retention strategies, one size does not fit all. The most forward-thinking employers understand that each person has a specific combination of drivers that motivate them to invest their talents and energies in a company. Taking the time discover what your employees need to thrive will help you to retain top performers and develop them into the future leaders of your company.

    Here are some tips to help keep your employees motivated, engaged and committed to your business.


Employee retention

Employee retention refers to the ability of an organization to retain its employees. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).

 

No matter the size or stage your business is currently at, having employees leave is just bad for business. A high employee turnover rate can cost “twice an employee’s salary to find and train a replacement.” Not only are there financial repercussions, a high turnover rate can also lower the knowledge base in your company and decrease performance and morale.