The old saying is true: It’s not technology or financial assets that make your business great—it’s your people. You’ll have a critical advantage over your competition if you know how to retain good people.
Retention doesn’t mean you try to hang on to every employee forever. Nor does it entail spending time and energy trying to keep employees who aren’t productive.
Instead, retention focuses on strategies to keep good employees for the right amount of time at a particular function or level.
As a manager, you are particularly positioned to do this. Many employees value a positive relationship with their supervisor as more important than pay or perks. An employee may join a company because of its generous benefits and fun culture—but it’s the relationship with you, the manager, that frequently determines how long your employees stay.
When you retain talent is there any benefits ? what are your measures to retain it? Does that help your organization? If you don’t work to keep your talented employees happy, will another employer do so?