Employee Engagement and Retention
7 Key Strategies for Motivating, Inspiring, and Holding on to Top Talent
Executive Summary
Engagement and retention is recognized as a top challenge among almost all large organizations—from corporations to large non-profits to public institutions. Studies consistently show that positive or negative engagement factors directly affect employee retention and have far-reaching corresponding impacts on productivity, morale, quality, customer satisfaction, and ultimately, profits and sustainability. Most organizations understand the importance of engaging and keeping key employees and they make serious efforts in these areas. Often, however, these efforts fall short, and the most valuable employees walk (or run) out the door.
This paper explores the current state of employee engagement and retention, factors that contribute to poor results in these areas, and the tangible and intangible costs to employers. It then discusses the most common engagement and retention tactics used by
large employers, and examines benefits and pitfalls of these strategies. Finally, this paper explores the importance of effective leadership and introduces 7 leadership strategies that directly improve employee engagement and increase desired retention of key players. The Leadership Excellence Coaching Program developed by TurnKey Coaching Solutions from these leadership strategies allows executive clients to strengthen their effectiveness in specific ways that favorably impact employee engagement, increase productivity, reduce turnover, and improve profits.