Finders keepers, losers weepers. Here's an interesting statistic: every time you replace an employee, you have a 50% chance of getting someone worse than the one you just lost! And in a small-to-medium business, who can afford that risk?
It is difficult to put a value on maintaining a team of loyal, experienced workers, particularly in the present climate of skills shortages and the looming exit of experienced baby boomers. However most employers would agree that good staff are priceless. So, how do you keep good employees satisfied enough to want to stay in your business?
Employers can do a number of things to improve staff retention rates in their business.
When things are ticking along nicely it is easy to take our people for granted. It is useful to stop sometimes and ask why people will work for us. If we can't come up with clear answers then we should start working on some good reasons.
In times of high demand for talent and increasing mobility in bright professionals, the need for their "engagement" is becoming critical.
Retaining qualified employees is a challenge all companies face. Having the right staff directly impacts an organisation's ability to maximise productivity and achieve business goals.
Employee engagement has been a hot topic of conversation for at least the last several years. What is it and why does it matter?
Critical positions are in high demand, be they sales people, engineers or nurses. These positions are also increasingly difficult to fill. Based on multiple demographic trends, this problem is not going to get any better any time soon. But it often feels that organisations are chasing the wrong problem.
Here's a scary thought: most employees don't leave jobs - they leave managers.
You can tell a lot about a company by the people it keeps.
When people are unable to use what they are naturally good at in their role, they are generally bored, frustrated, or both, and therefore don't do their best.
Recruiting the right staff can be a nightmare - not only can it be depressingly time consuming but it can also be a very costly exercise, especially if you get it wrong.
Retention of quality staff is one of the single biggest factors affecting future success in today’s business world. The success of an organisation is very much dependent on their quality employees.
Staff retention is one of the single biggest factors affecting future business success in today's environment. In particular, the success of an organisation is very much dependent on their "critical employees" – those employees in whom the intellectual capital and corporate memory resides.
Keeping employees engaged and aligned with the needs of the organization is the responsibility of executives at all levels. And for good reason: New research shows that the more engaged the workforce, the more innovative, productive and profitable the company.
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