Smart companies know that their greatest resource is their people. Attracting and retaining first–rate staff is key to success and integral to growth. However, an IPA Talent whitepaper from January 2015 uncovered some sobering statistics.
Not only is employee turnover rate in the agency sector at 30%, compared to the average of 10%, but the cost of replacing your top talent can be up to 150% of their annual salary.
People choose to move on for a variety of reasons from salary, to a lack of opportunity. An employee retention strategy requires investment, but when you add up all the hidden costs of replacing staff, can you really afford not to have one?
Download this eGuide for strategies you can employ to keep your best staff happy and engaged.