Unlocking The Secrets To Retaining Top Talent: A Leader's Guide
PeopleTek News, Friday, March 15th, 2024
Are you successfully retaining top talent or are you being impacted by the loss of key performers?
Gallup reports that it costs roughly two times the average salary to replace the person that leaves, and that morale, deliverables, and customer service also suffer. It was also reported that 52% of those quitting could have been impacted to stay by their leader or HR, but were not.
So, as a leader, what can you do?
There are a few factors that leaders can influence:
- Conduct regular discussions about career goals and growth opportunities
- Create a desirable work culture
- Express genuine interest in each person
Additionally the Harvard Business Review provides six suggestions for retaining talent: