Employee Retention: Five Key Action Steps To Reduce Turnover

Posted by Ryan on Aug 10, 2017 12:29:51 PM

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What if I told you 1/3 of your team was looking for a new job? According to data from Mercer, they are. To add to the pressure, there are more options for those job seekers than ever before. Between the gig economy, talent shortages, and a changing of the generational guard (the millennial is now the largest generation at work and will comprise up to 75% of the workforce by 2025), your employees have options.

Losing an employee can have a far reaching and lasting impact. Employee turnover costs more than filling a role; turnover can affect team morale, reduce individual productivity, and delay critical projects. And if you're in a specialized area like finance & accounting, replacing that employee can take several months.  

Download our CFO Alert: Finance & Accounting Jobs are Hot - How to Keep a High-Performing Team for more insight.

So what is a manager to do?  Try these five key actions to reduce turnover.

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Not sure where to start? Advanced Resources is here to help you determine a talent strategy that will enable you to build and keep a high-performing team. Learn more here.

Topics: Employee Engagement, Staffing & Recruiting, Accounting/Finance

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