Archive for September 19, 2013
The importance of employee retention is manifold. Not only do high employee retention rates indicate that a business is being run well, they also contribute to a smoothly running business. Retaining employees who are already well versed in company policy and procedure means less expenditure of time and money on training and less frequent recruitment and hiring process. There are many employee retention techniques that businesses rely on, most of them are based around the same general principles.
Most retention strategies for employees take Herzberg’s theory into account. This motivation theory is essential to t