One of the first rules in warfare is not lose the ground you’ve gained. In the “War for Talent” this is retaining the employees you have.
Vistage employment law expert Hunter Lott suggests that 2023 will be an even more challenging year than 2022 in terms of retaining our employees. In his most recent “Take 5 with Hunter Lott” video he challenges managers to fill in the blank for the following question:
“More than ___ % of employees who voluntarily leave their role say their manager or organization had the power to keep them from leaving their job.
Mr. Lott offers some interesting insights on cost of hiring versus cost of retaining…and offers two simple questions you can ask in less than 90 seconds that may go a long way to retaining key employees. Check his latest “Take 5 with Hunter Lott” on “Retention.”
