Frequent voluntary turnover has a negative impact on employee morale, productivity, and company revenue. Recruiting and training a new employee requires staff time and money. According to the Bureau of Labor Statistics, turnover is highest in industries such as trade and utilities, construction, retail, customer service, hospitality, and service. Learn more about best practices on retaining employees. Learn more
Did you know? WorkSiteRight can help you create programs to improve the health and wellness of your employees while reducing healthcare costs and reducingturnover.
Employee retention best practices:
-Benchmark your employee retention rate
- Use proven retention strategies, not guesswork
- Don't assume employees are happy (create a high-feedback environment)
-Implement a health benefits program, like a qualified small employer health reimbursement arrangement (QSEHRA)
- Provide personalized benefits to employees