{"id":87,"date":"2015-03-09T23:08:43","date_gmt":"2015-03-09T23:08:43","guid":{"rendered":"https:\/\/asg.updatesfrom.co\/?p=87"},"modified":"2015-03-10T17:36:14","modified_gmt":"2015-03-10T17:36:14","slug":"offer-these-essentials-to-retain-top-employees","status":"publish","type":"post","link":"https:\/\/asg.updatesfrom.co\/2015\/03\/09\/offer-these-essentials-to-retain-top-employees\/","title":{"rendered":"Offer these Essentials to Retain Top Employees"},"content":{"rendered":"

\"493849203\"By Laurie Bradley<\/p>\n

As the year kicks into high gear, it\u2019s critical for most companies to maintain focus on productivity and reaching business goals. However, if you\u2019re constantly dealing with turnover of your most highly-skilled workers, reaching those goals can be difficult. The 2015 Job Seeker Nation Study<\/a> by Jobvite revealed that 45% of employees are prepared to leave their current job \u2014 even if they\u2019re happy in their position. What\u2019s more, job searching has become a continuous activity with 30% of employees conducting searches even while on the job. With so many options at employees\u2019 fingertips, retention of workers is more important than ever.<\/p>\n

Why is avoiding employee turnover so important? Frankly, it costs you \u2014 a lot! The Center for American Progress<\/a> found that on average, replacing a typical employee costs a business one-fifth of that employee\u2019s yearly salary. Replacing highly-skilled workers and executive-level employees may cost as much as 213% of the employee\u2019s salary. And as more experienced workers exit the workforce for retirement, talent can be in short supply.<\/p>\n

Dollars and <\/em>sense<\/h2>\n

What has led to this change in employee loyalty? Yes, it IS about the money \u2014 but it\u2019s also a whole lot more. During the recession, wages stagnated or even fell, making salary and compensation a top driver for the turnover we are seeing now. Online resources and social media make it easy for top talent to showcase their skills and seek new opportunities. That increase in new opportunities makes it critical for employers to strike a harmonious balance that illustrates fairness between what employees contribute and what they get back. Money is just one component of that balance.<\/p>\n

Even with compensation in line with employee expectations, there are still a host of additional factors that contribute to a thriving workplace that makes your top talent want<\/em> to stay put.<\/p>\n