In simple words, employee retention is the effort taken by an organization to hold on to its most prized asset – the employees! Moreover, a low or high employee retention rate directly impacts the company’s overall business. So lets learn how to retain employees in IT Firms?
It is also essential to know and manage your company’s employee turnover rate if you want to stay in business for the long haul.
Consequently, to manage and avoid high turnover, retaining key employees becomes a crucial element.
It is also an excellent practice to implement a data-driven staff retention strategy rather than firing point-blank. What I recommend is keeping an eye on the employee retention rate on a periodical basis. Mostly half-yearly or quarterly.
Deciding to leave a job is difficult enough for almost everyone. It takes a lot of thinking and mapping out of every possibility before taking this big step.
The reasons why employees quit their jobs can be both professional and personal. As for personal reasons, the employee can choose to disclose it or keep it confidential.
Here are some of the critical drivers of employee retention that make your employees stay:
Other than that, it is difficult to pin down the actual reason why employees decide to quit.
These are the least but not last to learn How To Retain Employees in IT Firms?