The European Business Review

HOW TO MAXIMISE EMPLOYEE RETENTION RATES IN THE JOB-HOPPING AGE

In a world where 1 in 4 employees quits within 90 days, how do you hang on to your best and brightest? Software company Mobile Jazz has come up with a winning formula which any company can follow - even if they don’t have the financial firepower of Facebook or Google.

At a time of near-full employment, with a booming gig economy and a scarcity of digital skills, it’s becoming harder and harder to cling on to talented staff. Research from LinkedIn shows the average global staff turnover rate is now 10.9 percent, and over 1 in 4 employees quit within the first 90 days of their new role.

For employers, this trend is potentially disastrous. If someone new quits, it paints a picture of discontent within the company and can destabilise more senior employees. If the resignee is a longstanding member of the team, they take a huge bank of knowledge with them, which will take

You’re reading a preview, subscribe to read more.

More from The European Business Review

The European Business Review11 min readIntelligence (AI) & Semantics
Generative AI Update For 2024
GenAI has taken a leading role in supporting and enhancing activities, drawing on cognitive functions in many facets of our society. Unlike the robotic revolution that impacted mostly blue-collar workers in the manufacturing and assembly industries o
The European Business Review6 min readSecurity
A Practical Guide To Kick-starting Your Cyber Supply Chain Risk Programme
The SolarWinds breach serves as a compelling case study, revealing the widespread consequences of vulnerabilities within supply chains. Drawing parallels with incidents in Switzerland, where the financial sector remains a prime target, this article a
The European Business Review7 min read
A WINNING DEAL: How Biculturals Can Supercharge Your International Business Negotiations
International business negotiations can be immensely challenging, but your efforts don’t have to be lost in translation. You can effectively unlock the many hidden powers of the biculturals on your team to navigate the choppy cross-cultural waters an

Related Books & Audiobooks