Keys to Employee Retention
Keys to Employee Retention
Product Code: 1515W

Retaining staff is a concern of almost every organization. Higher than desired turnover demands considerable resources to recruiting & the problem is made worse by day-to-day staffing shortages. Improved retention is the solution to slow the turnstile of coming & going staff. Consider that direct costs of replacing a good employee may reach 50-60% of an employee’s annual salary. Add in indirect costs & it zooms to 90-200%. Retention strategies benefits employees, management, & ultimately residents.

How can we retain valuable employees & not increase compensation? As leaders, we create work environments that encourage employee retention through good leadership, employee development, motivation, recognition, & benefit plans. This webinar will provide the real reasons employees stay or leave & strategies you can use to retain good employees.

You will learn the following:
  • The surprising way that compensation impacts retention
  • 75+ ideas for reducing turnover
  • How to create a workplace “community”
  • 10 steps toward great retention
  • 7 steps to giving effective recognition
  • What causes different generations to leave

Learning objectives:
  • Identify strategies for retaining employees
  • Understand the link between leadership, employee satisfaction, & turnover
  • Measure employee turnover
  • Cite three factors that contribute to employee motivation
  • Identify how compensation practices influence retention
  • Understand the priorities of different generations

Wes Pruett, Owner
HR Advisors

Original Air Date: 1/14/2015
Length: 90 minutes
Category: Human Resources
Discounted member price: 35.00
You could save 72.0%