Employee Retention Now a Big Issue: Why the Tide has Turned

See on Scoop.itThings I Grab (Here and There): THgsIGrbHT

I can tell the economy is recovering: we’re suddenly seeing companies tell us that “employee retention” has become a critical issue. Let me give you some research-based perspectives on this

plerudulier‘s insight:

Nearly all companies measure turnover. In some industries (retail, customer service, hospitality) turnover rates of 30-40% are common and sometimes even accepted. I had a conversation with one HR manager who told me "we design our organization around high-turnover: we make sure jobs are easy to learn so we can rapidly assimilate new people."

While this may be a reality in many companies, our research shows that it’s not a sound strategy. Regardless of the role they play, tenured employees drive far greater value than those who are "cycling through" the business.

See on www.linkedin.com

About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

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