What It Takes to Retain Employees in Today’s Workforce
June 12, 2022
If your business doesn’t have an employee retention plan, it should. Keeping employees around for the long-term means larger profits, increased productivity, and a more stable workplace. In most industries, the employee retention rate is about 90%; meaning 10% of employees are leaving. This is a good number to aim for. If you aren’t there yet, that’s okay. There are steps you can take to keep your employees around. Benefits of Employee Retention There are many benefits to working towards a high employee retention rate. It’s expensive to find new talent Not only is it a hassle to find new employees, it is also expensive.