The real question is do you have the ability to understand if your management team has good relationship with their teams and do they have the time to do the best job they can do in any given day?
Implementing effective Team Retention Strategies is quite simply good business. We all know that excessive staff turn-over is expensive.
Turnover increases recruitment costs, but there is also a loss of business knowledge when staff leave, an increased risk to the business when staff go to competitors and a cost to business performance which suffers while filling the gap. Retaining the right people is crucial.
Need to solve the problem?
"1 in 7 employees quit their job before they become competent" Shortlistonline and Careers Multilist
"The Cost of lost knowledge & skills when staff move on equals 50% of the annual salary for every year of service." isquare.com - Cost of Employee Turnover by William G. Bliss