Employee Retention Strategy

An employee retention strategy refers to the methods and practices a company uses to keep its employees happy and engaged, reducing turnover. This can include offering competitive salaries, providing benefits, creating opportunities for career growth, and fostering a positive work environment. By focusing on employees' needs and satisfaction, companies aim to build loyalty and reduce the costs associated with hiring and training new staff. Ultimately, a strong retention strategy supports a stable, skilled workforce that contributes to the organization’s success.