Employee retention is valuable for most employers but the statistics of 2016 Glassdoor highlight the importance of holding onto good employees. 
Recruitment of worthy workers is both lengthy and expensive. It is not as simple as posting an ad and interview candidates. Instead, like Glassdoor said, recruitment and retention of employees "starts from within." To get and keep the best, employers must focus on employee engagement a mission and clear transparency.
recruitment costs and Revenues
the average amount of money that an American company spends to fill an open position is important $ 4000, and the process takes about 52 days. Keep in mind that this does not include the time it takes to train the new recruit.
the turnover is likely to increase in the future. Ninety percent of recruiters (against 54 percent in the second half of 2011) estimate that the candidates leading the market. Currently, 51 percent of employees are considering a new job, and two-thirds of Deloitte surveyed hope that millennials leave their current job in 2020. Although sometimes the fit between employer and employee is not fair, there are many situations in which employers fail to put enough efforts to retain workers.
employee engagement
to motivate employees to act as brand ambassadors for a company, its executives and managers must actively engage employees. While 0 percent of employers recognize the importance of employee engagement, less than half said they know how. Last year, a mere 32 percent of employees felt engaged in their positions.
How can a company improve employee engagement? There are a variety of ways, but one of the most powerful is to align its business with a clear objective - preferably one that is beyond pure profit. The Millennium Deloitte survey found that millennials nearly 9 out of 10 believe that the success of a company should be measured in terms other than financial gain. Among those who intend to stay with their employer for five years or more, the majority cited "a sense of purpose" as a top motivator to stay faithful.
commitmentSociety is not only beneficial to attract and retain employees, it increases productivity. Companies that offer employee engagement programs reach a 26 percent greater increase in turnover year to year than those who do not provide such programs.
Transparency
Employer transparency fosters trust, resulting in revenue reduction. Sixty-seven percent of employers surveyed believe that to be honest with a job candidate about what he or she can expect while working at the company would improve retention rates. Thus, when interviewing candidates, employers should present both the pros and cons of working for the organization. This will be beneficial to both parties in the long run because the person who accepts the position will be better prepared and ready to accept the challenges of the job.
Companies can also increase transparency and confidence in communicating clearly and regularly with employees and refrain from questionable business practices.
Conclusion
Glassdoor recent statistics show how costly development and recruitment can be tedious. This is why every business needs to work harder to retain good employees.
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