Establish a retention strategy for the organisation
- High rates of labour turnover can have a damaging impact on the employer. The aim of establishing a staff retention strategy is to manage turnover at a level that is right for the organisation.
- Factors such as business sector, resourcing needs and the reasons for voluntary resignations will dictate the appropriate retention strategy for the organisation.
- The retention strategy should address the underlying causes of employee departures, and is likely to cover people management areas such as training and development, flexible working and reward practices.