The cost to replace staff in a tight market is extremely high and you will never be guaranteed of the quality talent you lost.
Retaining your key people needs to be the core focus for all companies.
Here are some great tips to assist in retaining your talent
- Make their development your top priority
- Acknowledge their great efforts
- Allow for flexibility – both how things are done and working arrangements
- Communicate well at all levels – this includes listening
- Have a top-rated succession plan, and let them know about it
- Be willing to let go – empower autonomy
- Cultivate inclusion
- Celebrate your wins
