What's missing from your retention plan?
How do you keep your employees from leaving? Do they know that you want them to stay? Do they know that you want them to get smarter so they can play more important roles over time? Do they know they have a future at your company? Do you have a plan to engage your employees and develop their careers at your company?
Maybe it’s time to share your plan.
LearnPlan gives you a way to build and communicate key retention strategies with your teams.
- Training and Development
- Communication and Feedback
- Cultivating Teamwork
Building these items into LearnPlans helps you protect the most important, and expensive, aspect of your business...your people.
If you are interested in knowing the cost of replacing an employee, the Society for Human Resource Management (SHRM) has conducted studies in this area. With more than 300,000 Human Resources (HR) and business executive members in 165 countries, SHRM is the largest HR organization in the world, impacting the lives of more than 115 million workers and families globally. SHRM tells us that it costs 90% to 200% of an employee's salary to replace them. As their study indicates, the cost of losing somebody can be devastating financially.
Work Institute, a leader in employee engagement and retention consulting, released a National Employee Retention Report that indicated 25% of the workforce would leave their job in 2018. Their report also indicates that employers could have reduced that number to less than 6% through preventative action. $600 Billion was spent on employee turnover in 2018. How much did you spend?
Use LearnPlan to engage and retain your employees. Make it easier to do all of the things you need to do to keep your employees happy, and keep them onboard.
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