How to get the most out of your end of year review

Annual reviews can sometimes be seen as a box-ticking exercise, a chore to be prepared for, endured and then set aside – but what should be on every employee’s mind is how to get the most out of your end of year review. 

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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”