Retention strategies are often thought of as tactics used to re-engage existing employees and reduce their likelihood of leaving after a period of employment. In reality, retention should be thought of as a primary focus to be strategized upon and implemented from the moment the employee gets hired.
One important area of the employee experience is recognition. ITA Group states, “high-recognition companies have 31% lower voluntary turnover than companies with poor recognition cultures.” The younger generations of today have driven this recognition culture, but employees of all ages seem to be responding positively.
How would employees at your company describe their experience working there? Would you describe your employment experience in the same way? Would you say you’ve had a quality, positive experience?
2019, can you believe it? Remember when the world was concerned technology would implode when the clocks struck midnight on January 1, 2000? Now our whole lives live on technology; everything in our personal lives from our family photos, mortgage payments, the little devices we keep in our back pockets to our professional lives from customer relationship management, sales tracking, and Human Resource software, to name a few. These different technologies have transformed how we all live our lives and work every day.