Retention Strategies

Every key member of staff you have to replace has far reaching financial consequence for your business which goes well beyond the cost of salary and benefits. Not only will the cost include that of re-hiring, but also training and lost opportunities/productivity.

Critical elements in staff retention include;

  • Effective “on-boarding” practices
  • Ensuring that pay and benefits remain market aligned and competitive
  • Ensuring comprehensive training and development programmes exist that are tailored to individual needs
  • Seeking new ways to challenge talented people
  • Having effective succession plans in place
  • Ensuring people are truly ready for promotion and are promoted for the right reasons

george james ltd can help identify and implement improvements to existing practices and suggest new ideas in order to retain key staff.