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Employee retention strategies that work

Should a board director have a mentor

Employee retention is a bigger worry for companies now than ever before. The choice for business leaders is whether to accept high staff turnover or try to turn the tide.

Before the pandemic, a culture had developed where workers only spent a short time in roles before moving on. COVID has only accelerated that trend.

While this employee flight doesn’t automatically have to be a problem for boards and executives, it’s worth analysing how much of an impact it can have on a company.

By doing this, they can incorporate it into company strategy and craft their culture around it.

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About this author

Dan Byrne MA BA is a journalist, writer, and editor specialising in corporate governance and ESG topics. As the Content Manager at The Corporate Governance Institute, Dan creates engaging, insightful content designed to inform and educate global audiences about the latest developments in corporate governance and sustainability.

With a strong focus on research and analysis, Dan consistently delivers compelling narratives that resonate with industry professionals and stakeholders interested in responsible governance and environmental, social, and governance (ESG) issues.

Tags
  • Company Culture
  • Employee retention
  • Hiring

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