What’s the Best Way to Reduce Turnover?

Better compensation and benefits are the top methods of employee retention, according to a survey by Manchester Partners International, a human resources consulting firm with 145 offices across America. [This same conclusion was covered in Monday’s WSJ as well.] Respondents from the 400 U.S. companies surveyed also revealed other factors that will keep employees from leaving:

·         Careful selection in hiring [and I look forward to helping you on this point.]

·         Tuition reimbursement [employees want to learn and grow.]

·         Stock options [employees want skin in the game.]

·         Profit sharing [employees want skin in the game.]

·         Casual dress code [employees enjoy work / life balance.]

·         Improved training [employees want to learn and grow.]

·         Flexible hours [employees enjoy work / life balance.]