Employee Retention Will Continue to Be Top Priority for Organizations in 2020

I’m sure the title of today’s article is no surprise to
anyone. When it comes to the game of business, the winners are those
organizations that can hire, engage, and retain the best talent. Everyone knows
retention is important.

The challenge with employee retention is knowing how to deal
with it. What steps should we take to reduce turnover and improve retention?
Here are a few articles that can help organizations create an optimal employee
retention strategy.

Turnover 2019: Why
Employees Leave

Turnover is a critical issue facing
business today. Recruiting efforts struggle when turnover is high. Here are the
results from an HR Bartender survey showing the top 5 reasons why employees
leave their jobs.

Strategic
HR Management: 4 Activities That Help Reduce Turnover

Proactive and strategic HR
management is a key part of business success. Find out four ways that HR can
help reduce turnover and achieve business goals.

Flight
Risk? Stay Interviews Can Alert Managers

Stay interviews could help managers
identify employee flight risks. Technology can facilitate having regular, open
communications between managers and employees.

Employee
Turnover: Solve It Using 4 Levels of Analytics

Analytics offers useful tools to
help HR manage critical issues. Use these 4 levels of analytics to solve the
problem of employee turnover.

Employee turnover is expensive. I don’t know that it’s
realistic to think that organizations will have zero turnover. But that doesn’t
mean all turnover is acceptable. Companies need to decide how much turnover is
okay for the company and work toward keeping their turnover numbers within an optimal
range.

That involves having discussions about the drivers of employee retention and making an organizational commitment to retain employees. Companies ready to address employee retention must do more than simply talk about it. Or just create a program. Employee retention involves employee development, management training, competitive pay and benefits, and regular rewards and recognition. It won’t happen overnight. And finally, it’s a commitment that organizations need to focus on always.

Image captured by Sharlyn Lauby while exploring the SHRM Annual Conference in Las Vegas, NV

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