Topics

HR Support on Employee Retention

Editor's Note: Retain employees to ensure increased ROI and decrease unwanted turnover.

Marta MoakleyOverview: Undesirable employee turnover, such as when a top performer leaves an organization, can lead to decreased productivity and succession or continuity challenges. Employee turnover is costly to organizations, decreasing the employer's return on investment (ROI) in employee training and development, as well as in benefits packages.

Employers should adopt a planned employee retention strategy tailored to their particular circumstances. Resorting to ad hoc methods or a dependence on market conditions as retention strategies will not allow an organization to achieve its business goals. "Employers of choice" will develop a retention strategy that targets specific practices, proactively evaluates policies and procedures and tracks turnover rates in order to strengthen organizational viability.

Trends: In a weak economy, many organizations will engage in some level of restructuring, whether it is accomplished through downsizing the organization, merging with another entity or acquiring related businesses. Employers need to institute communications plans that adequately deal with times of change, and must remain vigilant that top performers are not needlessly lost to competitors.

Author: Marta Moakley, JD, Legal Editor

New and Updated

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    Type:
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    Employee engagement expert David Lee speaks with XpertHR Legal Editor David Weisenfeld about common mistakes that organizations make to push productive workers away and how to avoid them.

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    Date:
    March 13, 2019
    Type:
    Podcasts and Webinars

    In this engaging webinar, featuring internationally recognized employee engagement and onboarding authority David Lee, you learn about what A-List Talent looks for in a work experience.

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    Date:
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    Type:
    Podcasts and Webinars

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    Date:
    August 17, 2017
    Type:
    Podcasts and Webinars

    This webinar features internationally-recognized employee performance expert David Lee of HumanNature@Work, as he discusses common sources of employee disengagement and offers concrete solutions that result in employees being excited to come to work and perform at their best.

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    Date:
    April 24, 2017
    Type:
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    Type:
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    Type:
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    Type:
    Policies and Documents

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    Type:
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About This Topic

HR guidance on the legal risks and benefits regarding employee retention programs.

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