Creative Approach to Improved Retention
Reduced turnover is one advantage of a well-crafted benefits program. Be creative and you can find low cost, high value benefit options. This SHRM article highlights one company’s success implementing wellness programs and realizing a 23% improvement in employee retention. Click the link at the bottom of the page for access to the article.
“‘Our average tenure is over seven years with an 80 percent retention rate, while the industry average is about 65 percent to 70 percent,’ Frey said.”