Companies invest tremendously into the recruiting, hiring and training processes to bring new talent onboard. Great amounts of time and thought and effort go into getting employees from their newly hired status to become fully productive staff members. Employee retention, therefore, is a critical concept and when it comes to looking at hard facts regarding this issue, the numbers are staggering. In reviewing employee retention statistics, the following facts stand out.
So given these realities, what can employers do to make sure they have not only selected their hires carefully but then keep them long-term? Here are a few tips for employee retention.
Esteban Gomez is the Director of Marketing at interviewstream. He loves learning and has a passion for traveling, having visited many countries including China, Colombia, Italy, and Peru.