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”
