5 Effective Strategies for Employee Retention

Effective hiring and retention practices are key to effective leadership. The reality is that managers that hire well and that are able to keep talented employees produce better results. Replacing employees is time-consuming, expensive, and disruptive. Plus, when an employee leaves, it can impact the entire team and cause a ripple effect of unhappiness or turnover.

So all managers should prioritize a strategy to help ensure a high level of employee retention. Obviously, this strategy should include some of the basics like a competitive strategy, engaging work, and a respectful environment. However, in the current environment, it's important that leaders go beyond these basics to retain the most talented employees. With that in mind, here are five strategies to include as part of an effective employee retention strategy.