Employee Retention Strategies – Pay for Performance and Work – Life Balance
What makes good employees stay at their jobs? Employee retention refers to an organization’s goal that competent, hardworking employees remain in their roles with the organization. There are two main strategies for employee retention: pay-for-performance, when employees are rewarded for their achievements, and work-life-balance, which ensures employees can meet both home and work responsibilities.
- Basic tenets of employee retention strategies
- Considerations for each strategy
- How these considerations affect employee retention