All organizations, even those currently enjoying low turnover, cannot afford to rest on their laurels. Experts warn that despite rising slightly for the past decade to the current average of 4.6 years per person/per organization*, employee tenure will begin to wane in the future as the job market continues its recovery and more Millennials enter the workforce.
So, how can an organization increase employee retention and slow the “revolving door” of turnover? We explore this topic in great detail in our professional development course that examines employee engagement through the lens of Disney Culture. But, for the purposes of this blog, we offer this advice: Leaders should start by asking the question “Beyond a paycheck, what do my employees value?”
Going, going, gone! What’s the average employee tenure at your organization? Does high turnover and low employee retention make it feel like a revolving door that’s spinning out of control?