Retaining your Talented Employees

You have made a perfect quarterly plan to boost your company’s sales. But suddenly, one of your talented employees came with the resignation letter. Hard to imagine, right?

It's pretty difficult to get the necessary talent to work on a long term basis. But retaining them is a whole new challenge. In this article, we will help you understand the importance of employee retention and how technology can hold your hand to drive organizational success.

Major factors that drives for improved Employee retention:
  • Efficient Onboarding process can help reduce new hire retention by 82%.
  • Acknowledgement for good work can reduce the attrition rate up to 31%.
  • Recognition, quality management & supervision motivates 78% employees to work for a longer time.
  • Clearer Direction around roles and duties can help to retain 23% employees shortly after being hired.
  • Employee Burnout is crippling workforce retention and is responsible for 50% of the turnover.
  • Better Development and Training can reduce the turnover rate by 70%.
  • Superior & peer Engagement can also be a major factor in retaining your employee.

Globalization and the development of artificial intelligence, coupled with the emergence of a new generation of consumers who are looking to have more personal, intuitive brand experiences, forcing companies to rethink their approach to talent management and acquisition.

The managers are willing to the fact that best employees ensure customer satisfaction, increased product sales, happy coworkers, effective succession planning, historical and institutional organizational knowledge and learning.

We believe that AI can enhance talent acquisition and retention. Our knowledge & expertise in HRM helped to create an integrated end-to-end solution eliminating the complexities in talent management. It’s designed to build a happier workforce. Manage it with our AI-powered solutions because HR is not just a department, it is something that runs your business.

Contact us now.


© Copyright @2016 Lanconic Inc. EIPCS - WCMS are Registered Trade Mark. All Rights Reserved