Employees’ skills and competencies determine the success of projects. So, retaining them for the long haul helps companies to flourish and stay afloat in a hypercompetitive market. In other words, acquiring and retaining an efficient resource pool is essential for an organization’s long-term profitability.
However, despite following the best resource management practices, firms often struggle to retain their top talent. In such a scenario, implementing efficient retention techniques combined with an employee-centric work environment will enable firms to retain skilled resources and minimize turnover.
