Recently a survey conducted by SHRM (Society of Human Resource Management) revealed the number 1 answer of what employees plan on doing as the economy continues to improve: and yes you may have guessed it, employees will be looking for a better career opportunity.
Among the top 3 reasons for why an employee will be seeking another opportunity are:
53% seek better compensation and benefits
35% dissatisfied with potential career development
32% said they would like to take on a new challenge
HR professionals were asked which programs or policies they use currently to help retain employees. The following three are the most common programs employers are using to retain employees:
62% provide tuition reimbursement
60% offer vacation and holiday benefits
59% offer competitive salaries
Most HR professionals surveyed (71 percent), in large organizations (those with more than 500 employees), thought it would be extremely likely or somewhat likely to experience an increase in voluntary turnover once the job market improves.
Forty-one percent from small organizations (1-99 employees) said it was extremely likely or somewhat likely that turnover would increase. Fifty-three percent of respondents from medium organizations (between 100 and 499) thought the same.
With the ever changing workforce and economies there is nothing more important then retaining your most productive and talented employees. No company would like to see their best salesman go to their competitor, right? Here are some ways to not only retain but thrive.
So how do we retain?
Thank you for reading “how to retain your best employees”, now lets go out and make our workplace a happy, productive and profitable place employees can call home for many years.
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