In the age of the Great Resignation, employee retention has jumped to the top of the list of concerns for many businesses. According to data from QuickBooks’ 2022 Pay and Benefits Survey, 49% of small businesses are expecting it to become harder to retain good employees within the next year.
Employee retention is important for the well-being of your employees and employee productivity and output. When employees feel satisfied, they get more done and remain at the companies they feel valued at.
So what does this mean for you as a business owner and how can you reduce your turnover rate and encourage your employees to stay?
Below, we’ll cover common reasons why employees leave their jobs and the best employee retention strategies you can use to ensure you can attract and keep top talent at your company.