How To Maintain Employee Engagement in Difficult Times (8 Steps)
To maintain employee engagement in difficult times, leaders need to be adaptable to meet employees’ shifting needs by fostering a caring culture. In this article, we will look at the top eight ways leaders can keep their employees engaged and thriving in difficult times.
Why Employee Retention Is Essential
Employee retention is essential for sustainable economic success in any organization. This is because a high rate of turnover can significantly affect an organization’s productivity, performance, employee engagement, institutional knowledge, ability to recruit top talent, and customer satisfaction.
The Most Important Factor in Retaining Employees
While there are many reasons people join a company and then decide to stay there, the most important factor in employee retention is the culture of the organization. Companies with cultures that support development, offer recognition, emphasize purpose, and ensure strong leadership will see less turnover.
What Is a Good Employee Retention Rate?
A good employee retention rate is an indication that an organization has a strong retention strategy and is experiencing low turnover. A retention rate of 90% or higher is considered to be a good retention rate, meaning organizations should strive for an average employee turnover rate of 10% or less.
How to Write an Employee Retention Plan (10 Steps)
If you’re looking to reconsider your retention strategy and write an employee retention plan, here are 10 steps you can take that build on steps we know to be effective and dig deeper to incorporate your employees into the development of your plan for greater impact.
What Are the Challenges Leaders Face in Finding and Retaining Great Employees?
The challenges leaders face in finding and retaining great employees include employee dissatisfaction with the compensation offered, ineffective leadership, no or few advancement opportunities, lack of recognition, failure to provide job clarity, the need for more autonomy, and toxic work environments.
The Best Employee Retention Practices
The best employee retention practices positively shape employee experience and foster employee engagement. Ensuring strong leadership, offering professional development and advancement opportunities, supporting regular feedback, and conducting stay interviews are some of the best ways to boost retention.
What Is Employee Retention, and Why Is It Important?
Employee retention refers to the ability of an organization to hold onto its employees. At its core, employee retention is about keeping valuable employees in your organization for a predetermined length of time. This timeframe might be six months, two years, five years, 10 years, or even longer.
How to Calculate Employee Retention Rate
To calculate employee retention rate, an organization should divide the number of employees who have remained with the organization for a specific period of time by the initial number of employees for the same period of time, and multiply that number by 100. It is typically measured on an annual basis.
Why Recruiting and Retaining Employees Is Important (5 Surprising Reasons)
Recruiting and retaining employees is important because of the high cost of turnover and its effects on an organization’s productivity, but, more importantly, it’s necessary to ensure continuity, confidence, camaraderie, community, and a strong culture within the organization, which are vital for success.
