Why Employee Retention is So Important?
Why Employee Retention is So Important for any Organization?
Employee retention has been a focus of HR for a long time, probably for as long as there has been HR. It’s evident that retaining employees is good, but the full impact of retention is often not recognized. So, why is employee retention so important, especially now?
1. Turnover is expensive
2. Veteran Employees Add Value
3. Bad Hires Hurt Morale
4. Your Competitors Benefit Directly!
People Analytics to The Rescue
Here is where People Analytics come to the rescue. We have a lot of people data in our HCM systems. We can use new technology to analyze this data and answer the tough questions.
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