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EMPLOYEE RETENTION STRATEGIES

Introduction:

Over two-thirds (70%) of HR managers state that employee retention is a primary business

concern while !0% of HR managers report an increase in wor"er turnover during the past eighteen

months# $hough HR managers currently find employee retention a business challenge long-term

demographic changes such as the retiring aby oomer population have the potential to aggravate this

issue#

&ccording to the ureau of 'abor tatistics (') the ## wor"force grew at an annual

rate of *#+% and added 7, million wor"ers between *,0 and .000# $his strong growth enabled ##

business to grow without the constraints of a limited wor"force# /et structural changes in the ##

population could fundamentally alter this economic advantage# &ccording to the ' the annual growth

rate in the native wor"force of the nited tates is epected to slow to #0+% between .000 and .00#

1uch of this change is due to the aby oomer generations2 aging into retirement#

&s a result of the oomer retirement one possible scenario for the ## is an epanding

economy constrained by a slower growing wor"force# $his could produce ecess demand for talented

wor"ers and significantly drive up recruiting costs forcing organi3ations to rethin" how they grow and

maintain their wor"forces#

Employee Retention Strategies Pilosopy

ses only research-based theory-supported approaches to improving employee engagement#

&voided are gimmic"s such as employee of the month suggestion boes pri3es or other

4carrots#5 6hile commonly used these short-term fies fail to produce genuine employee loyalty

(more than +0 years2 of research tells us so)#

8mploys an easy-to-understand systems approach to ensure the root causes of turnover are

addressed and the potential for lasting change unleashed#

9ustomi3es all activities to your organi3ation2s uni:ue history current practices and strategic

ob;ectives# &lso considered are challenges uni:ue to your industry sector competitive

mar"etplace issues and talent shortages#

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Help people reach greater levels of productivity leading to higher ;ob satisfaction

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Team Employee retention Model

The Team Employee retention Model

%ommitment:8mployee retention leaders ma"e commitments and "eep commitments# y doing so they

inspire their team members to do li"ewise# ome leaders apply a distinct pattern of commitment of E