In today’s tight talent market, employee retention is a powerful tool that too often gets overlooked in talent acquisition strategies. Instead of constantly seeking new hires, a focus on keeping your top performers can help reduce the strain and cost of hiring.
Recent data from Gallup shows nearly half of employees are actively looking for new jobs, with 77% leaving within just three months of beginning their search.
Poor communication can lead to unnecessary departures. Employees who don’t feel comfortable voicing their concerns may quietly disengage and seek new opportunities.
Managers often play a significant role in retention. By helping managers to recognize and address signs of disengagement early, organizations can build stronger teams.
We’ve come up with practical steps to counter the trends above. By focusing on retention as a part of your talent strategy, you’ll see benefits beyond just reduced hiring costs.
Ready to get started? Fill out the form to download the Love the One You’re With Whitepaper!
Firm spotlight
SBAM Leadership Council Meeting
Sheri at the Small Business Association of Michigan’s Leadership Council meeting at Crystal Mountain in October, with fellow council and board members. Sheri serves as the First Vice Chair of the Board.
The Welsh Wire
Check out The Welsh Wire to listen to business leaders share their experience and insights. You’ll hear from industry leaders across the nation on various topics including employee retention challenges and executive search success stories.
