Retaining key employees

It’s no longer enough for businesses to simply put together an advanced team. The key to success and longevity in today’s competitive business environment start and ends with employee retention. The financial implications of a high turnover rate, where the cost of training and recruitment is lost, are high. employee replacement costs a company one-fifth of that worker’s salary. Since those numbers rise according to position and salary (100 percent or more for middle management, and 200 percent or more for upper management) retaining key employees is a critical financial, as well as strategic, consideration for your business. A Sad State Of Affairs Every Year the Gallup Survey shows a reduced level of engagement. Only 30 % are actively engaged.    12% are actively disengaged. Disengagement costing $500 billion annually in lost productivity. 72% of employees want to work elsewhere. Average employee changes jobs every 3.5 years. Top Reasons Em...