Retention of staff is more important than ever in this tight labour market. Therefore, employees who are satisfied with the way that their organisations treats them as employees and rewards them for their performance or efforts, are less likely to leave the organisation.
Generally it is considered that if your organisation has a high turnover of staff due to retention issues, this will result in low staff morale, poor service delivery, damage to your organisation brand and reputation in the market place and most importantly will be impacting on your financial bottom line.
It is best practice to consider aligning your company's recruitment strategy with your business plan, making sure your future employees are a good fit with the existing team, their skills will assist the organisation with its goals. Provide training and coaching to all new members of staff in order to enhance their existing capabilities and develop new skills and potential. This training should also be provided to managers, to ensure that they are kept up-to-date with their communication and interpersonal skills, providing interview training wherever possible to ensure that they understand the recruiting process and who to recruit, rather than going into the process blind and going on a gut feeling. Sucession Planning or Talent Management Training can also be used as a way to retain staff within an organisation, as it sends a clear message to all your employees that the organisation is committed to developing future leaders from within.