Retention Strategy & Planning
So it seems only natural to work that much more to keep your existing team. If you still aren’t convinced, here are a few relevant pieces of information:
- It costs an average of 3 times an individual's salary to replace an employee who doesn't work out and up to 5 times for those who are star employees. Costs such as recruitment advertising, interview time, loss of productivity, training expense, adverse impact on others, etc.
- Your top talent is likely leaving your organization to work for your competition
- High turnover can translate into low morale and low productivity for your remaining employees and customer concerns about lack of continuity.
An audit of your present employee recruitment process and overall workplace conditions to identify areas for improvement. Our aim will be to develop employee retention strategies which enable you to retain your top employees.