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Heads of State and Government and High Representatives met at the United Nations Headquarters in New York and launched a set of 17 ambitious goals to achieve over a 15-year period, including goals for people, our planet and prosperity. How will these impact employee turnover in the remaining 8 years?

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The pandemic has given people the opportunity to really think about their jobs and what is most important to them, contributing to the current “great resignation”. Retaining employees is now at the top of the list of concerns for many business owners and managers. How are the most successful companies retaining employees?

Losing your best employees?

If you learned your best employees had one foot out the door, what would you do? Would you try to save them or assume it was simply too late? The reality – once you learn of an employee’s dissatisfaction, it’s already too late. Something is missing. Even the highly motivated, most positive, and largest contributors, will suffer in silence and look elsewhere for career satisfaction.

A recent survey of Chief Executive Officers finds that retaining talent is the #1 internal challenge and concern. CEOs must balance long-term goals and short-term results. Regardless of the demographics of the workforce, all employees want to know that their work has meaning and that they’re appreciated. Rewarding and recognizing employees for excellent performance is on every list of ways in which to retain employees. Employee turnover is disruptive and expensive. Here are some factors that contribute to the cost of employee turnover: