Employee Retention Facts You Might Need to Know

by | Jul 24, 2017 | Education

Employee retention is something that every business struggles with on a daily basis. Efforts to increase employee retention are most often successful, but there are a few facts and stats about employee retention that most businesses don’t know, but should be aware of. With that in mind, read on below for a few of those stats and facts to be revealed.

More than One Quarter of Employees are in High Retention Status
According to recent studies and surveys, more than one quarter of employees in businesses are in high retention-risk. This means that they are at a higher risk of turnover than other employees are. If you think about it, that could be over half of your business that may be there one day and gone the next. The bad thing is that many of those high-retention risk employees are ones that know all about your business and are so good that they won’t be easy to replace, if you can replace them at all. The best way to prevent these employees from leaving is to increase employee retention.

More than 70 Percent of High-Risk Retention Employees Leave to Advance Their Careers
That is a staggering number of employees leaving in order to get somewhere in their lives. Think about it. When you were in their shoes would you have wanted to spend the rest of your career at a dead-end job where there was no hope for advancement? Make sure to encourage promotion, training, and advancement in your business and this problem doesn’t have to be yours.

These are just a couple of the employee retention facts and stats that you as a business owner should know. For help with increasing employee retention, contact the professionals at Interactive Services for help.

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