The average millennial will only stay with an employer for a maximum of three years  – with the cost of replacing staff costing up to 200% of their salary thanks to recruiting fees and lengthy onboarding processes, being unable to retain your employees can be costly.
By understanding the reasons behind employee turnover, you can devise recruitment and retention initiatives that will reduce turnover and increase retention . A positive company culture where employees feel challenged and satisfied with their work is the obvious root to enhancing retention rates.
However, the individuals employed within your organisation should be assessed. By employing people for their ‘fit’ within the existing teams, you can reduce the risk of ‘troublemakers’ unsettling the ranks. As explained in our blog overlooking the recruitment process, if you allow your existing employees to have a say during the interview process, you are more likely to find a suitable recruit to fit into your company culture.