Retention
How do I keep motivated and productive employees?
How do I retain my top talent?
How do I move my employees up the loyalty ladder?
Consider the following statistics:
-
1:4 workers have been with their employer less than 1 year and 1:2 less than 5 years (Jo Schoendorf, Shift Happens)
-
The average time to productivity for a new employee is > 6 months
-
The cost to replace one person is about 1.5 times their annual salary
-
Today's school leavers will have 10-14 jobs before the age of 38
-
44% of employees who resign say they "could have been convinced to stay" however in two out of three instances, employers made no effort to reverse a staff member's decision to leave (Exit Info - exit interview company)
It is all about engagement and working with employees throughout the different stages of their employment and in the life of the organisation. There are so many factors at play and many are also determined by generational differences.
|
Top 10 Reasons for Accepting job |
Top 10 Reasons for Leaving a Job |
| Challenging engaging work Employers reputation as supportive Training & Development Fun, positive and vibrant Career development/progression Salary/financial Recognition Work/life balance Fair pay for a fair days work Definitive strong company values |
Relationship with Manager |
Click here for Retention Strategies
Click here for Article on Management Myths on Staff Retention
