Employee turnover in your business is expensive. It can cost as much as twice an employees annual salary to replace an employee, not to mention lost wages, talent, and ideas when you don't keep employees within your company. Fortunately, there are strategies you can use to help prevent turnover and maximize satisfaction--and these ten key strategies can help.
Most companies know that the key to productivity and a successful overall bottom line is employee engagement. Traditional employee engagement has focused on creating a sense of stability, offering a path to career advancement, and investing in learning and development opportunities along the way. And though these are all still important components in today’s workforce, the emergence of the Millennials into the workplace necessitates a new approach for engagement.