Why employee retention is important

In a fast-changing job market with roles harder to fill than ever, it’s no wonder organisations are focusing on why employee retention is important.  

With estimates of the cost of recruiting a new person into a role ranging from £7,000 to more than £22,000, being able to hold on to your people, even for a little bit longer, makes financial sense.  

From a cultural point of view, having a stable group of employees gives you more chance of having an embedded and secure culture than if there’s a constantly revolving door. 

And recent research publicised by the World Economic Forum links employee turnover to decreases in product reliability in the manufacturing sector  Continue reading “Why employee retention is important”

The benefits of being a mentor

In my last blog (link), we looked at the many benefits that being mentored can bring, from boosting your confidence to enhancing your knowledge and learning. But it’s not just the mentee who can reap the rewards; being a mentor can have positive effects on your own career, too.   Continue reading “The benefits of being a mentor”