With the start of the year, staff can feel compelled to search for new horizons rather than climb the ladder within their own organisation. For the employer, this can have an impact on the culture of the company, as well as on its finances – so here’s how to keep those engaged employees from leaving.
The cost of losing engaged employees, added to the recruitment and training costs for someone new, not to mention the loss of productivity, is considerable. It will also take substantial time to find someone new who fits well within the team.
An additional concern is the ripple effect within the organisation, where other employees suddenly find reasons for leaving that are relevant to them. It takes one unhappy person to spark a change that can result in multiple employees questioning whether they are valued and still want to be in the company.