Employee Retention as a Strategy. This article discusses employee retention as a strategy. Retaining employees means lower training costs and a familiar well established workforce. [BusinessPundit]
When you look at it, you often have to go through a lot of bad employees before you get to that one great one. Have you ever calculated the cost of finding that single high quality employee? This is why relationship builders need an employee retention strategy.
While there are no perfect employees, your better employees cost you thousands (even hundreds of thousands) to acquire. That's money you lose when great employees move to another company. If you don't have an employee retention strategy, you're probably not investing enough in profitable relationships with employees.
Relationship builders use some of the following strategies in their employee retention strategy:
While this isn't an all inclusive list, it's a great start for every professional company who wants to make more of their staff investment. Where will you start today improving employee relationships?
/ active-members | employee-relations /
By Justin Hitt at November 25, 2003 11:54 PM
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