11/15/2023

Building a Culture for Employee Retention

What matters most in today's 'employees first' workplace

Across industries, employee retention is a growing concern. The challenge lies in attracting top talent and keeping them engaged and committed to their work and the organization’s mission. According to recent federal data, 50.5 million people quit their jobs in 2022, with most leaving to take other jobs and not the workforce.  

While many factors contribute to resignations, one largely unaddressed problem is the need for a strong workplace culture. To that end, research conducted by Gallup and Workhuman found that only 1 in 4 employees strongly agree they feel connected to their workplace culture. In contrast, just 1 in 3 strongly agree they belong at the organization where they work.  

Considering the average employee tenure is just 4.1 years, finding ways to break the hire-and-replace cycle is essential. To do this, organizations must create a culture in which employees stay at their jobs and thrive, ultimately contributing to the organization’s long-term success. 

Please select this link to read the complete article from SmartBrief.