According to the CIPD’s latest Labour Market Outlook, 42% of organisations are struggling with hard-to-fill vacancies. However, with the average new hire costing £6,000 and a recession looking increasingly likely, organisations simply cannot afford to always look externally.
The latest advice is to make the most of the employees you already have. When leaders focus on employee engagement and productivity, company retention and turnover rates improve. So what’s the best way to keep your employees happy?
This People Management Insight whitepaper, produced in partnership with ICS Learn, offers 9 tips to boost retention in a tough economic climate, from recognising good work to prioritising meaningful work.
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