NEWS
6th June 2018
Different types of employee retention rates, explained by your organisational development consultant Sydney
As an employer, one your biggest worries is if your employees will be loyal and stay with your business for an extended period of time. It is crucial for you to understand the different types of retention rates that everyone will face and our organisational development consultant in Sydney will explain this.
We have the ability to categorise the different types of employees based on retention rates and here is how our learning and development consultants in Sydney segregated the different types:
• Long term stayers: 45% of employees are said to stay for longer than 2 years in most businesses where they are trying to build a career
• Potential stayers: 28% of employees will be open to leave your business within the first 2 years if a better opportunity shows up
• Risky employees: 9% of employees are likely to leave within two years even if you may offer a better deal
• Leavers: 18% of employees are almost guaranteed to leave within the first 2 years of employment
It is important to understand as a business owner that these are challenges that you will need to face. One of the greatest ways for you to minimise this kind of risk is to implement a range of employee development programs in Sydney, which will create the incentive for them to stay.
If you’re not sure where you can get the appropriate program for your business, then feel free to get in contact with our organisational development consultant in Sydney and we can run you through our employee capability sessions.
