Benefits of Employee Retention
Lower Turnover & Cost Savings
- Reduce hiring and training expenses (up to 33% of annual salary).
- Maintain institutional knowledge and expertise.
Enhanced Productivity & Morale
- Long-term employees work faster and require less supervision.
- Positive culture boosts team collaboration and innovation.
Healthier Workforce
- Stable teams report lower stress and absenteeism.
- Investment in well-being programs yields high ROI.
Cheaper Marketing through Loyalty
- Retained employees become brand ambassadors, reducing recruitment marketing cost.
- Word-of-mouth referrals improve employer brand.