Is your team lacking the long term most valuable players? Are the frequent employee turnovers destroying your ambitions of building the best team? We have discovered the best strategies to reduce employee turnover rate!
1] Offer Perks & Compensations : Employees stay when they are offered the compensations they deserve and desire for.
2] Foster Positive Environment : An appealing and strong culture boosts engagement and retention by up to 30%.
3] Provide Career Development Opportunities : As per linkedIn, 94% of employees would stay longer if employers invest in their learning.
4] Promote Work-Life Balance : Offering flexible schedules and valuing employee's personal time reduces turnover by 25%.
5] Appreciate Efforts : Frequently appreciating efforts with rewards and recognition can motivate them to stay committed to the organisation.
Take care of your employees, in return they will take care of your balance sheet!
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Comment down the strategy that you feel is the most effective one!