Inspirus Blog

Struggling with Employee Turnover? Learn the Three Keys to Increase Employee Retention

By Gene Park
Everyone likes to feel recognized in a way that resonates with them. But for managers who oversee large teams, individualized recognition can be a tall order to fill.

By Catherine Turner
Investing in employee rewards and recognition is a sound decision for any organization — what gets rewarded gets repeated! By tangibly providing evidence to employees of what you value, you positively impact the future behavior of the employee being rewarded, and their peers.

By Kelly Briggs
Although most recognition programs are rooted in good intentions, some are sparked by an event — poor scores on an employee survey, for instance — that prompts HR managers to “do something.” Everything about the program is driven by a sense of urgency. As a result, quickly formed rewards and recognition programs often lack strategic focus and fail to deliver effective results.

The importance of retaining top talent cannot be overstated in today’s economic climate. Employee retention is a key factor in driving organizational success - especially during an economic downturn.

In today’s modern and digital workforce, maintaining a competitive edge while creating a culture of engagement is top of mind for HR professionals and C suite executives.

Employee retention has emerged as a critical yet complex aspect for businesses to navigate. The shifting dynamics of the workplace, particularly in the aftermath of the pandemic, have brought this issue into sharp focus.

Employee retention and engagement are essential for organizational success. Together, they not only contribute to a thriving, motivated, and productive workforce but can also bolster an organizations’ bottom line.

Understanding the elements of employee retention, how to influence the contributing factors, and the most effective strategies for improving the conditions that make better outcomes probable and not just possible.

No company wants to hire an employee only to see them leave at some point in their tenure—especially if they’re a top candidate filling a critical need. Unfortunately, though, employee turnover is an inevitable reality for all businesses.

Consistency is king for driving success at any company and that’s especially true when it comes to people power. Reducing employee turnover and retaining top talent is a central component of ensuring a consistent, stable work environment.

Replacing an exiting employee is a costly, time-consuming task – especially when it’s an unexpected departure to pursue another opportunity, as opposed to a planned retirement. That’s why employee retention is such a big deal.

In just the span of three years, the workforce has undergone a radical transformation. Employees are feeling the strain of burnout, teams are now dispersed, and the economy is in a downturn.

With the expanding pool of remote job opportunities, organizations are facing an even greater challenge with retaining their top talent. The competition for attracting and retaining skilled professionals is fierce despite the job market cooling off in 2023, requiring organizations to adopt intentional strategies for talent retention.

By An Inspirus Contributer
Technology is transforming the ways we develop community within the modern workplace. How we interact, converse, recognize, and socialize is informed and shaped by the social platforms we use daily.