Staff retention may be defined as an employer's strategy to manage staff turnover and retain their valuable employees. This policy sets down the different ways in which an employer might seek to minimise staff turnover.
There are considerable benefits to an employer seeking to minimise staff turnover. If an employer has problems retaining staff, there may be problems with employee morale and the cost of recruiting and training new staff.
This Staff Retention Policy includes the following:
- Staff Development
- Flexible Working
- Performance Reviews
- Remuneration and Benefits
- Exit Interviews
- Policy Review
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
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