Employee Retention: New Research on How to Keep Top-Performing Employees
Your brand is only as good as your employees, and that’s exactly why other companies are more than happy to relieve you of your top performers. In a tight job market like this employee retention is essential. Top performers are approached with other employment opportunities on average 4.3 times per year, and 88% of them will reply to the contact.
Employee Retention & Turnover in a Tight Job Market
In a blind study, Qualtrics asked 800 recently promoted employees with outstanding performance reviews what makes them happy, what makes them work, and what makes them stay at their current job.
- Top performers are contacted about open positions with other employers on average 4.3 times per year and will respond about the position 88% of the time.
- Offers of a higher wage and ability to work from home are most likely to lure top performers away
- Top-performing women are over 2x more likely than men to leave for relocation reasons
- Wage, work enjoyment and work/life balance are why top performers stay with an employer
Retaining top performers is easier when you understand why they would be tempted to leave. View the full report.