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.]

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Sandra Schwan

Sandra Schwan

Managing Partner at Evolving Strategies LLC
Sandra is the Managing Partner of Evolving Strategies LLC, a consulting firm helping companies and people learn, adapt and perform. Sandra holds a Master of Science degree in Adult Learning and Strategic Organizational Change from Northwestern University’s School of Education and Social Policy, and a Bachelor of Arts degree in Journalism from the University of Arkansas. Previous employers include the Corporate Executive Board, Lante Corporation, Kensington International, and Accenture where Sandra was awarded mentor of the year.

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Sandra Schwan

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