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Promoting policies that support work-life balance—i.e., remote and hybrid work options, flexible hours, generous paid time off—may significantly boost employee retention. When employees feel that their personal lives are respected and that their employer genuinely cares about their overall well-being, they’re less motivated to look elsewhere.
A Thriving Company Culture
Who doesn’t want to work in an inclusive, supportive culture where they feel comfortable, appreciated, and engaged? Employers that foster a positive workplace environment, invite fresh ideas and provide recognition for outstanding performance are more likely to retain their talent.
Wow: Gallup also found that more than half of employees who quit a job said that their manager or organization could have stopped them—if only someone bothered to talk to them about their satisfaction levels or career plans first. Managers who regularly check in with their people are a powerful force for retention in their own right.
Career Development Opportunities
Employees are more likely to stay with employers that invest in their professional development and offer career growth opportunities, such as mentorships, training and inclusion in professional events.
When employers offer career mobility, it gives employees a reason to stick around. That means making employee career goals a regular part of performance-related conversations. It means regularly promoting from within—whether advancing vertically or offering transfer opportunities to other parts of the business.
The bottom line is, when employees feel valued and cared for, retention stays high. And while recruiting will always be important for growing companies, it’s no substitute for cultivating the proven performers you already have in-house.
For more information on this topic, read our ebook, Preventing Turnover from the Start.