{"id":13760,"date":"2022-06-08T10:14:56","date_gmt":"2022-06-08T09:14:56","guid":{"rendered":"https:\/\/www.aluminati.net\/?p=13760"},"modified":"2023-08-02T16:56:43","modified_gmt":"2023-08-02T15:56:43","slug":"2021-retention-stats-a-look-ahead-for-retention-hr-strategies","status":"publish","type":"post","link":"https:\/\/www.aluminati.net\/2021-retention-stats-a-look-ahead-for-retention-hr-strategies\/","title":{"rendered":"2021 Retention Stats: A Look Ahead For Retention HR Strategies"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h3><strong>Maintaining the right employee retention strategies should generally be a top concern for HR managers. Now, with the great resignation in place and the state of workplaces rapidly changing, maintaining retention is increasingly important.<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">What exactly does employee retention look like right now, and what are the best retention strategies to use?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We uncover some of the most important retention stats to reveal the most effective HR strategies you need to be using.\u00a0<\/span><\/p>\n<p><strong>Find out how Aluminate Community Builder can help you build your community.<\/strong><\/p>\n<div class=\"_form_19\"><\/div>\n<p><script src=\"https:\/\/aluminati.activehosted.com\/f\/embed.php?id=19\" type=\"text\/javascript\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13763\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/scott-graham-5fNmWej4tAA-unsplash.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/scott-graham-5fNmWej4tAA-unsplash-300x200.jpg 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/scott-graham-5fNmWej4tAA-unsplash.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">5 Key Employee Retention Stats to Consider<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Implementing strong retention strategies is more important than ever. Here are five important statistics about employee retention to help paint a picture of why this is true.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">According to the <\/span><a href=\"https:\/\/info.workinstitute.com\/hubfs\/Retention%20Reports\/2021%20Retention%20Report\/Work%20Institutes%202021%20Retention%20Report.pdf\"><span style=\"font-weight: 400;\">Work Institute\u2019s 2021 retention report<\/span><\/a><span style=\"font-weight: 400;\">, 1 in 5 employees left their jobs due to \u201ccareer issues\u201d. Another reason why employees left their jobs was due to health and family issues, and work-life balance problems.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After the pandemic, <\/span><a href=\"https:\/\/news.prudential.com\/presskits\/pulse-american-worker-survey-is-this-working.htm\"><span style=\"font-weight: 400;\">25%<\/span><\/a><span style=\"font-weight: 400;\"> of full-time employees planned to look for a new job with a new employer. At the same time, more than half of employees invested in programs for their own skills training.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Diversity and Inclusion (D&amp;I) has become a top priority for businesses. Companies with a strong D&amp;I implementation are seeing retention rates up to <\/span><a href=\"https:\/\/joshbersin.com\/2015\/12\/why-diversity-and-inclusion-will-be-a-top-priority-for-2016\/\"><span style=\"font-weight: 400;\">eight times higher<\/span><\/a><span style=\"font-weight: 400;\"> than non-D&amp;I companies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loneliness in the workplace is a major factor behind employees leaving their jobs. Lonely employees are <\/span><a href=\"https:\/\/newsroom.cigna.com\/cigna-takes-action-to-combat-the-rise-of-loneliness-and-improve-mental-wellness-in-america\"><span style=\"font-weight: 400;\">twice as likely<\/span><\/a><span style=\"font-weight: 400;\"> to consider quitting. Loneliness in the workplace is also directly related to a decline in work quality.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.gallup.com\/workplace\/327371\/how-to-build-better-company-culture.aspx#ite-327440\"><span style=\"font-weight: 400;\">41%<\/span><\/a><span style=\"font-weight: 400;\"> of employees feel it\u2019s important to know what their company stands for. Offering a sense of purpose to employees has been identified as a key factor in improving retention.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13764\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/dylan-gillis-KdeqA3aTnBY-unsplash.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/dylan-gillis-KdeqA3aTnBY-unsplash-300x200.jpg 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/dylan-gillis-KdeqA3aTnBY-unsplash.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">5 Employee Retention Strategies to Consider<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">From what we\u2019ve learned over the past two years, implementing the right employee retention strategy is essential for achieving long-term company success.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are some of the most important employee retention strategies to put into practice:\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">Provide Ongoing Learning Opportunities<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">One of the biggest reasons why employees leave their jobs is because they feel a lack of career growth, or want their careers to take a different course. This is why providing ongoing education, training, and upskilling opportunities is one of the most important employee retention strategies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Employees will stay motivated to learn and discover new ways to advance in their careers. Promoting learning also shows that you care about employee development, and are invested in the future and growth of employees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the best strategies to achieve this include offering mentorship programs, using an <\/span><a href=\"https:\/\/www.aluminati.net\/how-to-manage-a-network-platform-for-your-business\/\"><span style=\"font-weight: 400;\">online network platform<\/span><\/a><span style=\"font-weight: 400;\"> to share valuable learning materials, facilitating networking opportunities, investing in courses, and continually introducing new internal training and learning programs.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13765\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/mike-hindle-ew2ubePC68w-unsplash.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/mike-hindle-ew2ubePC68w-unsplash-300x200.jpg 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/mike-hindle-ew2ubePC68w-unsplash.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">2. Hire the Right People<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This may seem straightforward, but one of the most effective employee retention strategies is to hire the right people from the offset. If you know what to look for in a candidate, this does not have to be a major challenge.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead of solely focusing on career backgrounds, education, and experience, employers should look closely towards culture fit when hiring new employees. Ensuring the new employee&#8217;s personal mission and vision align with the company\u2019s is one of the best ways to build up a team that sticks around for the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hiring employees that share the same outlook as the company is essential for long-term commitments.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13766\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/christin-hume-mfB1B1s4sMc-unsplash.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/christin-hume-mfB1B1s4sMc-unsplash-300x200.jpg 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/christin-hume-mfB1B1s4sMc-unsplash.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">3. Embrace Remote Work Options<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Since the world was widely introduced to remote work during the pandemic, it has become a type of new norm that employees don\u2019t only look for, but expect. Companies that aren\u2019t able to accommodate remote work are likely to see a decline in employee retention.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is because employees seek out a good work-life balance as a major deciding factor in their careers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luckily, with technology where it is today, being able to offer remote and flexible work options does not have to be difficult. With the right <\/span><a href=\"https:\/\/www.aluminati.net\/alumni-management-platform\/\"><span style=\"font-weight: 400;\">online platforms<\/span><\/a><span style=\"font-weight: 400;\">, maintaining communication and collaboration is easy.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13767\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/mapbox-ZT5v0puBjZI-unsplash.jpg\" alt=\"\" width=\"640\" height=\"427\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/mapbox-ZT5v0puBjZI-unsplash-300x200.jpg 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/mapbox-ZT5v0puBjZI-unsplash.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">4. Engage Employees<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Employees don\u2019t just want to be another number in a company, they want to feel that they are actively involved in the company. When it comes to employee retention strategies, keeping employees as engaged as possible is important.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This includes things like asking for employee feedback, keeping communication open and easy, understanding employee concerns, or sending out regular polls to understand how your staff is doing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the topic of employee engagement, it\u2019s also important to maintain an <\/span><a href=\"https:\/\/www.aluminati.net\/8-best-practices-for-corporate-alumni-engagement\/\"><span style=\"font-weight: 400;\">engaged corporate alumni network<\/span><\/a><span style=\"font-weight: 400;\">. Ensuring positive alumni engagement leads to improved brand awareness and access to a larger talent network. This is important when employee retention is in decline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If employees feel like they are being listened to and valued, this should reflect positive retention rates.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13768\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/glenn-carstens-peters-RLw-UC03Gwc-unsplash-1.jpg\" alt=\"\" width=\"640\" height=\"426\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/glenn-carstens-peters-RLw-UC03Gwc-unsplash-1-300x200.jpg 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2022\/06\/glenn-carstens-peters-RLw-UC03Gwc-unsplash-1.jpg 640w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">5. Get the Basics Right<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">At the end of the day, people stick with their jobs if the job meets all of their needs. Offering free drinks on Fridays and massage chairs in the office is pointless if your staff aren\u2019t well compensated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ensure employees are happy with their salaries, and that they have clear growth opportunities available. Try not to overwork employees, and understand exactly what they want to stay motivated.\u00a0<\/span><\/p>\n<h2><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-12852\" src=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2021\/06\/build-your-community-plate-1024x576.png\" alt=\"\" width=\"669\" height=\"376\" srcset=\"https:\/\/www.aluminati.net\/wp-content\/uploads\/2021\/06\/build-your-community-plate-300x169.png 300w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2021\/06\/build-your-community-plate-768x432.png 768w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2021\/06\/build-your-community-plate-1024x576.png 1024w, https:\/\/www.aluminati.net\/wp-content\/uploads\/2021\/06\/build-your-community-plate.png 1920w\" sizes=\"(max-width: 669px) 100vw, 669px\" \/><\/p>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If your organization gets employee retention right, it can access a happier, more productive workforce that adds more long-term value. Employee retention strategies are essential if you want to achieve sustained company growth and deliver better results. In today\u2019s uncertain and ever-changing world, this is incredibly important.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good news is that employee retention doesn\u2019t have to be as intimidating as many sources make it seem. By valuing employees, ensuring their needs and career goals are met, and building a strong <\/span><a href=\"https:\/\/www.aluminati.net\/top-5-corporate-benefits-of-building-a-community-for-current-employees\/\"><span style=\"font-weight: 400;\">employee community<\/span><\/a><span style=\"font-weight: 400;\">, you can boost retention in a big way.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.aluminati.net\/request-a-demo\/\"><strong>Get in touch with our team today to see how Aluminate Community Builder can help your organization&#8217;s employee retention strategy.<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Maintaining the right employee retention strategies should generally be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[104],"tags":[],"class_list":["post-13760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2021 Retention Stats: A Look Ahead For Retention HR Strategies - Aluminati Network Group<\/title>\n<meta name=\"description\" content=\"Here are the most important and effective employee retention strategies you need to know. 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