Why improve employee retention now?
High employee turnover can hurt growth, annoy clients and negatively impact other staff. Finding and training replacements requires significant time and money, so it’s worth investing in resources to improve your employee retention rate.
In January, many employers are eager to execute new business plans. But it’s the best time to work on retention too. The new year, new you mentality of employees isn’t just anecdotal. Figures from the UK show that job applications soared 83.6% across all industries last January.
In Ireland, an abundance of opportunities are available as the economy approaches full-employment. So, it’s important to focus on employee retention now.