In the current economic environment, retention is one of the
foremost concerns of all organisations. Leading organisations are
citing retention as a key challenge and central objective; and no
organisation can expect to survive if its retention game is not on
point. A sound retention strategy results in lower staff turnover
rates, which means: Reduced costs to the company, higher revenues
and profitability, more productive staff and increased work morale.
Retention is, in fact, a win-win deal for both parties – the
employer and the employee. Retention Strategies is a complete
how-to book to help you implement a sound retention strategy for
today’s workplace. This book unpacks: The business case for
retention strategies and the cost implications of high staff
turnover; The role of rewards and remuneration: Remuneration only
accounts for 25% of the stay decision, nevertheless it is a ticket
to the retention game – it just has to be fair; Retention and
engagement: Whilst engagement does not necessarily cause retention,
there is some relationship; Remuneration options for retention and
how each is typically used in organisations. This assumes that we
have ticked all the other retention boxes like interesting work and
great leadership; The Employee Value Proposition (EVP) and its link
to retention and remuneration; Retention strategies for different
generations. Retention Strategies is essential reading for anyone
who manages or leads people currently or will lead them in the
future. It will give you the tools to ensure people will want to
work for you, follow you and stay with you. Retention Strategies is
also intended for HR and reward executives, who are often
responsible for crafting policy involving employment. This book may
provide you with some ideas on what to include and exclude in your
policies.
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