The Challenge: Retaining Employees
The Solution: COMMUNi

We are in the midst of a historic rise in employee turnover. Want to know why this matters and how employers can engage and retain their employees effectively? Read on!

Retention

The number of employees an organization keeps during a given period

turnover

The number of employees who leave an organization 

recognition

Companies with recognition-rich cultures have 31% less voluntary turnover than companies who don’t

community

A third of employees that quit state that the reason for leaving was that they didn't feel a sense of belonging

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Turnover Impacts

Any time an employee leaves a vacant role, there is the time, money, and effort associated with recruiting, hiring, and training a replacement. 

According to Gallup, replacing an employee generally costs between one-half to two times their annual salary. Based on Gallup’s finding that 52% of voluntary turnover is avoidable and the average voluntary turnover in the U.S., there is a potential savings of over half a trillion dollars every year.

The good news

Companies with recognition-rich cultures have 31% less voluntary turnover than companies who don’t. To get even more granular, employees who don’t feel recognized are twice as likely to quit within a year.

Image by Brooke Cagle

The Solution

HOLISTIC APPROACH TO EMPLOYEE RETENTION

The COMMUNi solution addresses employee retention from multiple angles to achieve maximum results:

  • Top to bottom recognition

  • Peer to peer recognition

  • Community and relationship building

  • Incentivizing positive behaviors

Image by Jason Goodman