Developing a Retention Strategy
In today's competitive business landscape, retaining top talent has become more crucial than ever. As the backbone of Canterbury's business, it is essential to stay informed and proactive in the realm of employee retention. With the current labour market presenting significant challenges, businesses must understand and implement effective strategies to retain their valued staff. The costs associated with employee turnover can be substantial, affecting not just the financial health of a business.
Description
Developing a retention strategy is an ongoing process that requires attention to the evolving needs of your workforce. By understanding the factors that contribute to employee turnover and taking proactive steps to address them, you can create a more stable and engaged workforce. This, in turn, can lead to better customer outcomes and a more profitable business. The course is dedicated to providing insights and tools to help you navigate the complexities of the labour market, especially when it comes to staff retention.
Content
Michael will discuss several essential points:
- understanding the labour market issues
- the costs of staff turnover
- how to proactively measure to reduce staff turnover
- Practical Strategies to Enhance Retention (revamping performance reviews, flexible work arrangements & engagement survey)
Takeaways
At the end of the day you will be able to:
- Understand current labour market issues around retaining staff
- Understand the costs associated with employee turnover
- Apply practical strategies to decrease staff turnover and retain staff for longer periods of time
Facilitated by
Michael is an HR and Employment Relations Advisor with The Canterbury Employers’ Chamber of Commerce.
Michael's 40-year career has exposed him to working across the whole employee lifecycle including recruitment, employee relations, performance management and succession planning and has a particular interest in cultivating talent.
Michael loves partnering and supporting Canterbury businesses to thrive in these challenging times.