STM Retention Solutions: An Investment to Lower Costs
A successful employee is happy and motivated to perform her job, which contributes to the happiness and motivation of those around her.
Studies show that staff turnover at professional levels costs approximately one year’s salary, after factoring in sub par performance, impact on colleagues, and impact on clients. As your ability to retain key employees improves so will your bottom line. You’ll waste fewer dollars and boost productivity.
Keep investing in your employees through performance management. STM’s individual assessment process identifies specific development objectives. It highlights areas that need improvement as well as underlying causes and actionable steps to correct problems. It can help you plan and measure changes in behavior and attitude, in the ongoing development of key employees.
Want to improve retention and decrease costs? Contact STM.
...another Retention solution, Training & Development.