Editor's message: XpertHR's research on labour turnover reveals that 12.8% of employees resigned in 2014.
Staff retention relates to an employer’s strategy to manage healthy levels of labour turnover and retain employees. If labour turnover is too high or the most valuable employees are leaving, this can damage organisational performance.
Managing staff retention effectively is central to the health and success of any organisation. Even in sectors that do not experience a high level of staff churn or suffer from acute skills shortages, proactively managing the retention of key employees can make a significant difference to business performance.
Part of any strategy on managing retention will involve measuring labour turnover levels within the organisation. There are a range of calculations that employers can use to measure and benchmark their organisation’s labour turnover rate. To manage staff retention effectively, employers should focus also on analysing the reasons for voluntary staff turnover. XpertHR’s Good practice manual contains information on retaining staff.
Jo Jacobs, HR practice editor
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