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Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).
Employees are more likely to stay if they have a good relationship and open communication with their immediate boss and have a feeling of importance in the workplace. [15] This is the main reason why frontline leaders should develop their employee retention skills as retention rates are likely to feature prominently in annual reports in the future.
Workplace communication is tremendously important to organizations because it increases productivity and efficiency. Ineffective workplace communication leads to communication gaps between employees, which causes confusion, wastes time, and reduces productivity.
Culture cannot be created through organisational policies or statements. It is built by the consistent and authentic behaviours of its leaders and employees in value alignment, communication, and workplace practices. When the culture is aligned with the people working in the organisation, they will feel supported, valued, and empowered.
Business communication is the act of information being exchanged between two-parties or more for the purpose, functions, goals, or commercial activities of an organization. [1] Communication in business can be internal which is employee-to-superior or peer-to-peer, overall it is organizational communication.
Key elements: This involves effective communication, timely feedback, and providing a transparent view of the company culture and values to attract top talent. Importance: Positive candidate engagement not only enhances the employer brand but also ensures a smooth transition for candidates from being prospects to potential employees.