Category: Sales Management

Hiring top talent is only the start to creating an outstanding workforce. The next step — and just as vital — is keeping them around. Let’s dive into employee retention: your company’s ability to maintain a work environment that supports staff in remaining with you.

Employee turnover is often a symptom of deeper unresolved issues, such as low employee morale, unclear career development options, lack of recognition, or poor employee-manager relationships. In addition to lost productivity, employee exits also hurt your bottom line.

One analysis found that businesses spend about one-fifth of an employee’s annual salary to replace that worker. Costs come in the form of recruiting and training, as well as institutional knowledge.

Ready for new ways to keep strong employees with your company? Below we’ll explore specific strategies for creating a better work culture in which your people want to stay and grow.

Strategies for employee retention

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It is no secret that we are living in uncertain times. Technology is advancing so rapidly that certain occupational fields may even become obsolete far before anyone ever envisioned. This means that you will want to look for a career that provides you with a good feeling of job security. You want something that adapts to the changing times and continues to expand even in the midst of economic uncertainty. Throughout the modern era, the construction industry has been such a field that provides job security no matter what society seems to throw at it.

People are Always on the Move

Throughout history, people have always been moving from one place to another. This is especially true in recent decades with the expansion of major cities around the world. Whenever people move, there is a renewed demand for new building projects. This is an area that technology will not eliminate … Read more