If you are afraid your key employees will leave, there are some ways to avoid it.
Every time one of employees leaves, a company loses expertise, faces the expense of hiring a replacement and risks losing customers who must deal with a new recruit.
Employee retention is a major concern for entrepreneurs in every corner of the world. In fact, entrepreneurs named it as the single most critical factor for business success in 2006, according to Entrepreneur magazine and PricewaterhouseCoopers’ first annual “Entrepreneurial Challenges Survey,” which was reported in January issue of Entrepreneur. 73% of the founders and CEOs of 340 fast-growth businesses surveyed said retaining key workers was the biggest issue they faced. The next-ranking issue, developing new products and services, was named important by only 38% of entrepreneurs.
