Few problems pose more of a threat to an organization’s long-term viability than high turnover. When a company can’t retain its best talent, it must constantly engage in hiring external talent, which can be extremely costly. Without employee retention strategies, the constant talent churn will make it difficult for organizations to meet its performance targets.
Employee Retention Strategies to Implement Right Now
Offer Competitive Salary and Benefits
While many employee retention techniques focus on addressing issues unrelated to salary, don’t fall into the trap of thinking that providing competitive salary and benefits don’t matter.