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to seek employment elsewhere. An effective and sensitive communications plan can provide you with insight on exactly what's driving employee morale and how your staff members feel about your company. Turnover also affects organizational performance. Are your managers and supervisors good listeners? Create opportunities for both public and private contributions or feedback. Give Your Employees An Opportunity To Grow. But forcing too much change too soon can affect employee retention.
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).
Find new ideas and classic advice for global leaders from the world s best business and management experts.
High employee turnover costs business owners in time and productivity.
Try these tactics to retain your employees.
Learning the following 15 retention strategies will help you reduce employee turnover, and retain the talent you need to run your company.
Studies on Employee Satisfaction,
These typical answers for leaving, often signal a much deeper issue that employers should investigate further into. Bonus tip: Conduct stay interviews so you can find out exactly why employees have remained with the company and what it would take for them to leave. However, this isn't always the case. If youre going to encourage suggestions, take them seriously. Michael Poh, freelance blogger at Hongkiat suggests the following steps for encouraging creativity in the workplace : Offer rewards. Organizations that attempt to oversell the position or company are only contributing to their own detriment when employees experience a discord between the position and what they were initially told. Learn More About Human Resources.