It is imperative for all organizations to have a winning retention strategy in 2024.

Those who remember 2021 well will know that the Great Resignation was about more than a tidal wave of talent leaving their respective roles and heading for the hills. It was also about other organizations (and recruiters for these organizations) drawing workers away from their posts for greener pastures.

Although we aren’t expecting record-high rates of attrition in the year ahead, a winning retention strategy will help organizations protect their talent and start 2024 on a strong foot. Rather than be reactive, HR leaders should be taking proactive measures to retain workers. Here’s why we believe a top-down and bottom-up retention strategy will be key for 2024.

TOP-DOWN AND BOTTOM-UP RETENTION STRATEGIES
As far as management styles go, the top-down approach involves a leader crafting the vision, divvying up directives, and allowing teams to execute—intervening when needed. Managing from the bottom up, on the other hand, allows organizations to ideate and iterate based on feedback from the front lines, creating more opportunities for feedback. While these two approaches differ greatly, many organizations will find situations and circumstances where each can be beneficial.

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