Some businesses treat employees like interchangeable cogs, but there are some compelling reasons why you should do all you can to keep good people with the company. This article looks at why you should take a strategic approach to employee retention.
Some businesses treat employees like cogs in a machine: lose a few and there are always plenty more to replace them with.
But every person you employ means an investment of time and money. You've got to find them, bring them on board, and get them up to speed as quickly as possible.
After all this effort, it makes no sense to treat them as expendable. Instead, it's far better to take a strategic approach to keeping good people with the company.
If you create a work environment where employees are valued and nurtured, and their job and career expectations are met, your business will be more productive, profitable, and sustainable in the long-term.
Here are some key reasons why effective employee retention strategies are so important:
This article provides a deeper look at why you should take employee retention seriously.