Retention Strategies

Once a company has passed the hurdle of recruiting and hiring its staff, retention becomes an issue. Skilled staff can be a target for poaching, so employers must provide incentives for personnel to remain with the company. Frequently used incentives include housing benefits, well-defined career paths, training courses, non-wage perquisites such as travel abroad or a transportation allowance, and regular evaluations and pay reviews. Also important are quick responses to employee complaints and concerns. The international company that shows concern for its employee’s welfare and career development is less likely to lose staff to poaching.

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