Skip to main content

What is your retention strategy?

By October 20, 2021 No Comments

In a recent report by Achievers, 52% of employees surveyed said that they plan to job hunt in 2022. This is up from 35% in 2020. While the main reason, as always, was better compensation and benefits at 35%, other factors were also important.

With many employers planning employee retention and attraction strategies to gear up for the world economy moving towards normality, the top reasons for staying in a current role are work life balance 23% and recognition 21%.

Employee engagement is critical for retention. Employees who feel passionate and engaged are far less likely to leave.

66% of employees would be more passionate and engaged at work if their managers improved company culture, while 52% would be more engaged if the company improved its diversity and inclusion.

20% of employees feel that their managers do not recognise their contribution, and positive feedback is poor. Greater recognition would improve if recognition was given in a timely and appropriate manner.

Building a culture of appreciation that allows employees to give real time positive feedback that can be viewed by everyone in the organisation is a powerful motivator in the fight to maintain and improve corporate culture, productivity, and wellness across the entire workforce.

Everyone wants to feel appreciated, valued and respected. If you don’t recognise your employees contribution with positive feedback your competitors will cherry pick your top talent, making your challenge even greater.

Leave a Reply