Employee Retention Strategies that Work!

Presented by: Marcy Young, Founder & CEO, HR Alliance

 

Date: 6/9/2021

 

Employees are a crucial part of any business. One statistic that may be troubling for business owners is that 31% of employees quit their jobs before making it to the half-year mark. This level of turnover could be devastating to a small business.

Here are some things to consider when you’re planning your employee retention strategy.

Why do Employees Leave?

  • Poor leadership from their supervisors
  • Dissatisfaction with company culture 
  • Feeling overworked and/or unsupported 
  • Inadequate salary and benefits 
  • Limited opportunities for advancement 
  • Need for better work-life balance 
  • Boredom 
  • The desire to make change 

Why do Employees stay? 

  • Inspired by being part of something special 
  • Feeling Valued, recognized, respected 
  • Mentorship 
  • Believe in the company’s mission, vision, and values 
  • Good compensation, benefits, and incentives 
  • Exciting and challenging work 
  • Great Relationship with their superiors 
  • Work-life balance 
  • Career growth, learning, and development 

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