Why Employee Retention Deserves Your Attention
Employee retention is one of the most consequential challenges facing organizations today. Replacing an employee typically costs 50% to 200% of their annual salary - and that estimate doesn't capture the lost institutional knowledge, the productivity dip while a replacement gets up to speed, or the impact on team morale when good people leave.
The good news is that most of the factors driving turnover are within your control. SHRM research shows that nearly 80% of employees who left their jobs cited lack of appreciation and recognition as a leading factor. That means a significant portion of your turnover problem has a solution that doesn't require a budget overhaul, it requires consistent, deliberate attention to how employees are treated. Article Updated March 2026
Here are ten strategies that work:
