Written by Admin | Nov 13, 2024 8:31:47 AM
In competitive labor markets, employee retention has become a strategic priority for many organizations. Beyond competitive compensation, factors like career development opportunities, positive work culture, and work-life balance influence retention rates. Regular feedback mechanisms and recognition programs help employees feel valued and engaged. Understanding why employees leave through exit interviews and data analysis provides insights for improvement. The costs of turnover extend beyond recruitment expenses to lost institutional knowledge and team disruption.