Employee Retention: Four Ways to Keep Your Best Team Members
3 Min Read By John Waldmann
Turnover among hourly workers is high. According to Forbes, the industry average of turnover for hourly workers is 107 percent. That means, on average, every hourly job turns once a year – and then some. The Center for American Progress, a prominent think tank, found that replacing workers making under $30,000 per year costs 16 percent of their annual salary— that’s up to $4,800 for each worker who leaves.
But just as your business isn’t average in the products you make and the service you provide, it doesn’t have to be average with regard to employee retention. Here are our top strategies to improve employee retention:
Start During the Hiring ProcessThe hiring process is when you should be looking not just for candidates who can do the job well, but who will stick around for a long time. Make sure you’re aware of exactly what a successful employee will do – what are the job duties they will be expected to perform, what are the behaviors that are required to be…
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