Expert Advice on Employee Retention

Posted April 21 2014

retentionIn 2009, only 28% of companies considered employee retention a main concern. 5 years later, 57% of companies are now putting retention on that list of main concerns. RecruitingBlogs share words of wisdom from experts in HR or leadership, on how to increase retention and fight turnover.

 

  • "Organizations have to be sure that fair and competitive compensation practices are in place first. Otherwise, engagement and employee retention initiatives could end up being a waste of resources when they fall flat." - Josh Bersin, Founder of Bersin by Deloitte.
  • "Creating a communication culture allows workers to bring their concerns or issues to light, before they consider leaving. Soliciting continuous feedback can be a strong combatant of turnover." - Melissa Dawn Photiades, VP of Marketing at Herd Wisdom.
  • "Organizations first have to find out what their employees need and want before they can offer it. When higher-ups take a stab in the dark at engagement with irrelevant benefits or perks, they are just wasting company resources. Leaders need to find out what makes their workforce tick on an individual level." - Katie Bardaro, Lead Economist at PayScale.
  • "While many retention factors are out of the hands of the hiring decision maker, cultural fit and skill requirements are two areas in which hiring can make a huge impact on employee retention."

    - Scott Span, CEO of Tolero Solutions.

 

Retention is a top priority for organizations today. Employees are no longer satisfied by simply moving up in a company, they realize they own the keys to their career and want employers to cater to their needs and goals.  Bersin and Span's quotes further articulate this point.  People desire more meaningful value to them, whether its personal value or value to the community at-large.  Employers and employees also need to ensure a cultural fit and that their are clear competency development opportunities aligned with the needs of the employee.  If employees aren't using their strengths and/or developing new skills aligned with their interests, it's increasingly more difficult to retain them.

 Follow CTK



 Blog Categories

Solutions
Resources
Talent Management Hot Topics
Blog Series
Other

 How Can We Help You?