Talent retention is a comprehensive recruiting and employer branding strategy for your organization’s employees. This methodology includes initiatives that help employers recognize the value of current employees, cultivate a strong employer brand, and incorporate newcomer training into their existing orientation programs. Talent retention is also a way to track current employee engagement.
Retention in HR means keeping employees for a longer period of time. When employees tend to stay for a longer period of time, it also proves that a company has a good work culture. A higher employee turnover means employees leave the company faster, which doesn’t bode well for the company’s image.
It is important for companies to retain talent because the hiring process can be expensive. The entire process is not only a loss of resources and time but also a financial burden. As mentioned before, it also damages the company’s image, potentially harming its reputation.
Let’s Recruit, Reward, and Retain
Your Workforce Together!