Losing a key employee can cost your company a lot of money. Tackle the issue with these useful expert tips on how to retain your staff effectively.
There’s no doubt about it, losing staff can spell bad news for your business, particularly if the employee in question is a valued and highly productive member of your workforce.
It’s believed that losing an employee, especially at middle management or senior level, can cost your business around the same as their annual salary, which is highly undesirable for any company looking to move forward and maximise profits.
It’s incredibly important to focus on retaining staff. Knowing the most common employee complaints can provide really invaluable insight for your business.
Employee retention is one of the most challenging aspects of running a business. Losing members of staff, particularly well-performing individuals, can leave your company vulnerable to instability, and departing staff can cause a ‘ripple effect’ among the rest of your employees, leaving others more likely to follow in their footsteps.
3 Employee Complaints and How to Deal With Them Effectively
There are a number of reasons why a member of staff may choose to […]