Employee Retention
What is employee retention? Employee retention is the organisational goal of keeping productive and talented workers and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, providing competitive pay and benefits, and encouraging a healthy. (Baker & shaun, 2023) Employers are particularly keen to retain employees at a time of low unemployment and increased competition for talent. To retain employees, companies are using HR technology to recruit, onboard, engage and recognise employees and offer modern benefits such as greater job flexibility and physical and financial wellness programs. (Baker & shaun, 2023) Why employee retention is important Employee retention is important to team building and cohesion in the workplace so workers can come to trust and depend on each other. One of the biggest losses is when talented employees leave a company. High employee turnover rates affect organi...