How to boost employee retention rates

It's important to do what you can to retain your experienced employees, who have valuable skills and can create a sense of continuity during ownership transitions, writes Carole Spooner of Succession Services. She suggests tactics such as instituting a performance management system that lets employees know how they'll be evaluated, providing opportunities for employees to develop new skills and offering flexibility in scheduling when possible, she writes. However, "[r]etention initiatives are not substitutes for fair pay," she cautions.

View Full Article in:

Globe and Mail (Toronto) (tiered subscription model), The

Published in Briefs:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
AIA
Arlington, VA
Administrative Management Specialist
Smithsonian Institute
Washington, DC
Manager, Human Resources
L'OREAL USA
Florence, KY
Generalist - Human Resources
Marriott Hotels Resorts
Brooklyn, NY
Admissions - Assistant Director
The Art Institutes
Novi, MI