Establish a retention strategy for the organisation
Key points
High rates of labour turnover can have a damaging impact on the employer. The aim of establishing a staff retention strategy is to manage turnover at a level that is right for the organisation.
Factors such as business sector, resourcing needs and the reasons for voluntary resignations will dictate the appropriate retention strategy for the organisation.
The retention strategy should address the underlying causes of employee departures, and is likely to cover people management areas such as training and development, flexible working and reward practices.
