Learning. Empathy. Advancement. Purpose (LEAP). The key to retaining employees, especially in times of low unemployment, lies in building a company culture based on these four words. Low unemployment means that employees are in the driver's seat, choosing the jobs they want and jumping ship for better opportunities when they come along. Job openings are plentiful and employees have a lot of choice in front of them.
It's a great situation for employees, but what does it mean for businesses? Retaining your top talent has become more difficult and more important than ever. Filling a vacant role by an employee who jumps ship can cost up to 150x that employee' annual salary to find, onboard, and get new talent up to speed.
To hold onto your employees, your business needs to LEAP. Take a look at our infographic to get a breakdown on how to get started.
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Workology Podcast: Balancing High Growth with Employee Engagement, featuring Chirag Shah
Cornerstone's own Chirag Shah, Senior Vice President and General Manager of Growth Markets, joined the Workology podcast as a featured guest. Host, Jessica Miller-Merrell, and Shah discuss the pressure small & medium businesses face to grow at a rapid pace and the challenges that come with it.