Employee retention strategies
ID:CVERS

Video Overview

It is critical to the long term health and success of your business to retain key employees. It is commonly agreed that retaining your best employees ensures customer satisfaction, healthy sales levels, as well as satisfied co-workers and reporting staff. In addition, it allows for effective succession planning and a deeply embedded organizational knowledge and learning. Failing to retain a key employee is costly and various estimates suggest that losing a middle manager costs an organisation up to 100% of his salary, and the loss of a senior executive even more… If critical staff members are leaving, you can be sure that other people in their departments will be looking as well. A significant source of data about the health of your organisation can be found in the valuable information provided by departing employees in ‘exit’ interviews.