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What is employee retention?
Simply put, employee retention is an organization’s ability to retain its employees.
Why is employee retention important?
Low employee retention harms an organization’s performance due to the high costs of replacing talent and the loss of institutional knowledge. Frequent departures also lower employee loyalty, morale and team cohesion.
On the other hand, companies with a high employee retention rate tend to attract and retain more top talent. Employees who stay longer at a company are often less stressed, more committed to the long-term success of the company, more productive and more likely to recommend the company as a place to work.
Warning signs that employees are ready to leave
- Decreased initiative
- Decreased productivity
- Negative attitudes
- Lack of commitment, e.g. avoidance of long-term projects or putting in shorter work days
- Disconnection from colleagues or customers
How nilo.health can help
Improving employee retention requires taking strategic action to keep employees motivated, healthy and happy so they feel invested in the growth of an organization and want to stay on.
nilo.health’s wide range of science-based tools and programs help by teaching skills that contribute to both individual employee well-being and workplace culture, such as psychological safety, supportive leadership and stress management.
One-on-one psychological counseling, webinars and facilitated group discussions round out the offering, providing space for deep dives into personal growth, well-being and professional development.
