Retention Strategies Some of the best retention strategies include top-down execution, with the C-suite being ready to endow managers with the training, expectation level and education they need in order to take the lead on employee engagement with their teams. It’s a vital commitment. As Gallup has discovered: “The manager or team leader … accounts for 70% of the variance in team engagement.” Another approach develops employees’ skills and applauds their wins. As we reported in the ARG Financial Salary Guide for 2023, professional development opportunities and employee recognition are mainstays for increased engagement. Focus professional development on the career aspirations of each employee, tying recognition to the person’s team and department to strengthen a connection with the organization. And seek out meaningful promotions you can offer when opportunities present themselves.
14 Financial Salary Guide & Employment Outlook 2024
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