Employee Retention
Empowerment and Leadership as it Relates to Employee Retention
By Christi Archer
In 1999 employee turnover shot to its highest level in nearly two decades. On average, 1.2 % of the workforce left their jobs each month last year. This did not include departures due to layoffs, downsizing, or departures of temporary staff. Job turnover is soaring for a few reasons. One is definitely the strength of the economy. If companies need to find workers they can raise salaries, which increases the likelihood that someone will leave a job for one that pays more. Another reason is the loosening of bonds between employer and employee. There are lower levels of loyalty in today?s work environment. Money and perks can be used to attract people to a company but to retain skilled workers, it takes more then just tangible elements. In order to retain good employees, today?s workplace must make the proper adjustments to meet their demands. Good employees will not continue to work in an unpleasant environment if they know they can find a good job elsewhere.
Actions must be taken on the part of employers if good employees are going to be retained. Empowering employees, career advancement opportunities, the
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