With the growing demographic of millennials in the working population now, the organizations face employee turnover. The generation of millennials is known for being determined to grow. If they are unsatisfied with the organization or feel that they cannot grow, they will change the organization. This problem mainly happens in small and medium scale enterprises. All multinational companies have a high retention rate. This is the result of all the perks and benefits that they provide to their employees. It is evident that if the employees stopped receiving appreciation and assurance, they would choose to leave them. The company needs to guarantee the employees that they will receive growth opportunities from the organization. With the Employee Retention policy, you can have a solution to the employee turnover solution.
This policy contains all the provisions regarding the company’s initiatives to retain its employees and provide a surety that the employees will have a comfortable working environment, proper communication medium, and assurance for the growth opportunities. Explain all the benefits that the employees receive in this policy. With our Employee Retention Policy Template, ensure that the employees are given a sense of security regarding their jobs and potential development opportunities.