It’s the end of the year – did you have high employee retention?
In this competitive talent market, companies are seeking ways to increase employee retention and engagement. They are rethinking the way they recruit, retain, and develop their staff. Succession planning is also a concern, as the average tenure of millennials (aged 25-34) is three years. Many future leaders feel it is easier to leave their current company to gain experience – than to move around and gain that experience internally. (Bureau of Labor Statistics)
The research firm, Future Workplace, recently revealed study findings about employee engagement – and the results were astounding. Research shows that companies who focus on employee engagement will increase overall productivity, team work, and retention. An engaged employee is one who is enthusiastic about their work and takes positive actions to further their firm’s best interest and reputation in the community.