“The Great Resignation” Period!!! 🎆
Yes, most of us are encountering this in our organization (primarily software/IT) as attrition has increased by 100% reaching through roof up to 40% to 50%. The stories of employees having multiple offers in hand and backing out on joining day are like the expected phenomenon for 5 out of 10 candidates. Not to mention new joiners absconding in less than month’s time…
Practical Strategies to Retain Employees The average cost of replacing an employee is 21% of current salary. That shows the margin impact on the companies..
What one can do to retain 🌟 employees???
I came across this must-read article 💡, shared by my colleague Amit Malhotra which highlights some strategies
that should be implemented, if not done already. I have summarized the article into this infographic for quick reading. I am sure if one implements few strategies from this article, one will control the attrition to a certain extent..!!!
What is your view as an employee or employer?
One can read full article at https://lnkd.in/e–ccX9i