Staff retention part 1: Things you need to know |
Posted: May 24, 2022 |
Every industry nowadays experiences a competitive and quick changing labor market. Companies and firms often struggle with many employees who come and go. It is crucial to understand why the staff leaves not only for the business to continue running but to keep top talents in your team. The efforts to retain employees in the company is beneficial not just in the long run but for the future of the business. What does “staff retention” really mean?Staff Retention is defined as an effort made by the company to have their employees stay with them for the longest time. This effort also helps to lessen employee turnover – which brings risks and toll to business performance. Retention of staff includes strategies that company management develop to understand the following:
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