



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Talent

Employee Retention Strategies: How to Keep Your Top Talent Engaged

March 1, 2024

Talent

Employee Retention Strategies: How to Keep Your Top Talent Engaged

March 1, 2024

Photo by Annie Spratt on Unsplash

People are the heart of your business. Good employees are the driving force behind innovation, productivity, and ultimately, your organization’s success.

But in recent years, employees’ expectations have changed, and employee retention has become an even bigger challenge for employers. Turnover is an expensive and frustrating problem and over time, could be the reason a business fails.

However, making the effort to foster a positive culture and listening to your employees needs can make you a better workplace, with a loyal workforce. If you’re ready to commit to retaining your team, we can help. We’re sharing our 10 best employee retention strategies:

The cost of employee turnover

The cost of employee turnover can be high, and not just financially. It’s true, the cost of replacing an individual employee can range from one-half to two times the employee’s annual salary. But other unseen costs include:

  • Opportunity costs — How much could your business have grown if you kept your team together?
  • Culture costs — How will the departure of good employees impact the rest of the team? When you lose employees who make positive contributions to your culture, what happens to your culture when they take those contributions elsewhere?

As a small business owner, any time you spend on recruiting, hiring, and onboarding is time you could have spent on running your business instead.

10 Employee retention strategies that work

Turnover is something that employers have the power to control. In our Toxic Work Environment Report, we found that 84% of employees that were planning to leave their jobs, would stay at their current jobs if their employers made positive changes to the workplace.

So what changes can you make?

Here are our top ten strategies for creating a workplace with high employee retention.

‍

Read full article here

Good employees are the driving force behind innovation, productivity, and ultimately, your organization’s success.

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events

Hire Virtue's Hiring Blitz & Job Fair

Houston, TX
-
to
August 6, 2025
View All Events
Related Articles

Want to See the Future of Talent Acquisition? Look to Hourly Hiring

Johnny Campbell

July 10, 2025

Lead Generation in Recruitment: A Business-Driven Approach to Finding Top Talent

fingerlakes1.com

July 8, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
