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An effective employee retention program is essential for companies looking to attract top talent and reduce unwanted employee turnover. It’s also critical to business performance because it’s more efficient to retain your best employees than recruiting, onboarding, and developing new talent. Here are 12 of the most successful strategies for improving employee retention.

Employee turnover is costly for companies. In fact, recent studies estimate the average cost to replace a worker is approximately one-third of their annual salary. And there are productivity, recruitment, and onboarding costs too. The good news is that you can do things, starting today, to retain talent & boost employee morale.

Insights from the Energage Research Desk

We wanted to know what changes — if any — can be observed after an organization has earned a Top Workplaces ribbon. Do they reap benefits beyond the positive press and recognition? Are there bottom-line benefits? So, we tapped into the Energage Survey data for a closer look and here’s what we discovered.

Today oppressive policies, workplace harassment, misbehaved executives will be exposed overnight by employees on social media and amplified by an eager media.

Even the best retention strategy will fail unless you first establish a culture that protects you from disruptions in the market. Amazon’s HQ2 is just one of those bumps you can expect in 2018.