Employee Retention Programs and Strategies!

Inconsiderate of the situations with no control in the hands of the employer, in the end, it’s his money on stake if the employee turnover increases. Employee retention, on the other hand, aims to control all such situations. It reflects the firm’s ability to retain its employees and keep them longer. While employee retention is always represented in percentages, the higher it is for a firm, the better!

Though the primary aim is to convince an employee to stay, sometimes it’s natural and obvious for him to leave. It also depends on industry to industry, because some of them tend to have higher turnover rates than the other ones, and hence require a massive budget for the hiring process throughout the year. Reasons for higher turnover in these industries stand to be the obvious ones being job responsibilities, low wages, or fewer benefits offered at the job. Some examples for such industries might include- logistics, staffing, or call centers, probably because employees seek better opportunities all the time. 

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