{"id":4141,"date":"2021-02-19T00:00:00","date_gmt":"2021-02-19T00:00:00","guid":{"rendered":"https:\/\/teambuildingasia.netagedev.co.za\/resources\/why-you-should-invest-in-employee-retention\/"},"modified":"2025-12-01T16:12:01","modified_gmt":"2025-12-01T16:12:01","slug":"why-you-should-invest-in-employee-retention","status":"publish","type":"post","link":"https:\/\/www.teambuildingasia.com\/resources\/why-you-should-invest-in-employee-retention","title":{"rendered":"Why you should invest in employee retention"},"content":{"rendered":"<div class=\"content\">\n<p>As a manager, leader or business owner, you probably already know that a high employee turnover can do your organisation harm. Few people, however, have actually taken a closer look at the numbers to determine exactly how much a high employee turnover costs.<\/p>\n<p>A study suggested that replacing an employee would cost the organisation about 38% of the person\u2019s annual salary. Instead, retaining an employee for three years instead of two can benefit an organisation by as much as 50% of that annual salary over the three-year period.<\/p>\n<p>Here are some of the costs involved in employee turnover:<\/p>\n<ul>\n<li>Advertising the open position<\/li>\n<li>Screening and reviewing applicants<\/li>\n<li>Training the new hire<\/li>\n<li>Lost productivity<\/li>\n<li>Errors caused by inexperienced employees<\/li>\n<li>The cultural impact that can affect other employees<\/li>\n<\/ul>\n<p>Whether you believe or agree with the numbers, it clearly costs a lot of money to lose an experienced talent. Therefore, it\u2019s very much recommended to deploy employee retention strategies that will help to retain your employees. In return, you\u2019ll save money on recruiting and training, maintain a higher productivity and company culture, and avoid expensive errors.<\/p>\n<p>We\u2019ll share some employee retention strategies next week, but here\u2019s already one big tip: training and engagement incentives can really boost your company culture and your employees\u2019 company appreciation. So when you notice there\u2019s a dip in employees\u2019 morale, do not hesitate to invest in team learning and engagement, as it will cost you a lot less than replacing an employee.<\/p>\n<p>Here\u2019s to organisations that invest in employee retention!<\/p>\n<p>PS: here are some <a href=\"\/resources\/articles\/Resources, Blog\/Resources, Blog-betterstaffretention\">best practices for better staff retention<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As a manager, leader or business owner, you probably already know that a high employee turnover can do your organisation harm. Few people, however, have actually taken a closer look at the numbers to determine exactly how much a high employee turnover costs. A study suggested that replacing an employee would cost the organisation about [&#8230;]\n","protected":false},"author":3,"featured_media":4142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,129,1],"tags":[],"class_list":["post-4141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-leadership-development","category-resources"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why you should invest in employee retention - Team Building Asia<\/title>\n<meta name=\"description\" content=\"Learn why investing in employee retention boosts productivity, morale, and long-term success while reducing turnover and strengthening workplace culture.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teambuildingasia.com\/resources\/why-you-should-invest-in-employee-retention\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why you should invest in employee retention - 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