Topics

Retention

Fiona Cuming

Editor's message: There has been a lot of debate and speculation about whether large numbers of employees will leave their jobs in the next year in what is called the “Great Resignation”. While we don’t yet know if this will prove to be a myth or a reality, we do know that it will be a tight hiring market because of the labour and skills shortages that are prevalent in many industries. This means that employee retention must be a key priority for your organisation in 2022.

There is no "one-size-fits-all" solution to retaining your employees, but there are a range of initiatives that you can develop to boost staff retention.

Non-financial retention initiatives can include improved line manager skills, training and development opportunities, career progression, developing a positive organisational structure, health and wellbeing initiatives, and offering flexible or hybrid working arrangements.

And financial retention will always be important too. In this competitive market, employees will expect their pay and reward package to be in line with market rates.

Your employees chose to come and work for you for many reasons and you need to make sure that they have good reasons to stay in 2022.

Fiona Cuming, senior employment law editor

New and updated

  • Type:
    Leading practice guides

    Managing retention (5): Developing a positive organisational culture

    Leading practice guidance discussing the key areas that can help to create a working environment in which employees feel positive, valued and motivated.

  • Type:
    Leading practice guides

    Managing retention (4): Reward

    Leading practice guidance discussing how employers can use reward to help improve retention, for example by helping employees to appreciate the value of their remuneration package.

  • Type:
    Leading practice guides

    Managing retention (2): Effective recruitment practices

    Leading practice guidance discussing how effective recruitment and onboarding processes can have a positive impact on employee retention rates.

  • Type:
    Leading practice guides

    Managing retention (3): Employee development

    Leading practice guidance discussing the importance of providing learning and development, and career progression opportunities, to help retain employees.

  • Type:
    Leading practice guides

    Managing retention (1): Creating a retention strategy

    Enhanced by creating five separate guides on managing retention, to help you find the guidance you need. This initial guide focuses on the steps that employers can take to establish a staff retention strategy and the business case for doing so.

  • Type:
    How to

    How to monitor labour turnover

    Revised and improved throughout, to focus on practical guidance for HR.

  • Type:
    Editor's choice

    Global research study: Pay equity and transparency

    This global research study of 1,000+ senior business and HR leaders and employees identifies five key findings about the state of today's pay equity and transparency and describes how pay equity and transparency is a critical business lever, not an HR to-do. It offers five calls to action for business and HR leaders to execute to advance progress for better business and talent impact.

  • Date:
    13 September 2022
    Type:
    Editor's choice

    Global Research Study: The CHRO of the Future

    This global research study of 100+ Chief Human Resource Officers identifies seven themes top of mind for today's senior HR leaders who are being asked to drive the business, not support it. It offers evidence-based insights about how best to navigate uncertainties in the workplace while building trust with stakeholders to create a flourishing workforce and a thriving organization particularly during times of change and transformation.

  • Date:
    7 September 2022
    Type:
    Commentary and insights

    "Quiet quitting": Five things for employers to think about

    The unique combination of the coronavirus pandemic, deteriorating economic conditions, rise in flexible working (particularly hybrid/remote working) and increased awareness of the importance of maintaining wellbeing/good mental health has seen the concept of "quiet quitting" gaining traction. What steps - if any - should employers take to tackle this phenomenon?

  • Date:
    14 October 2021
    Type:
    Podcasts and webinars

    Webinar: Giving your reward strategy a starring role to drive your employee value proposition

    Debra Corey, Chief Pay it Forward Officer, speaker, author and consultant at DebCo HR, introduces the concept of employee value proposition (EVP) and explains the important role that reward has to play to drive your EVP.

About this topic

HR and legal information and guidance relating to retention.

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