Many companies pay a great deal of attention to their employee retention numbers, but, according to employment research group Staffing.org, what those numbers mean isn’t always obvious.
Low retention can mean good employees are leaving because of a lack of satisfaction with the job, or that the company is hiring people who aren’t a good fit for it. But it can also mean the company intentionally sets high standards and culls the bottom 10 percent of its employees each year, something that might not be a bad strategy for some businesses.
High retention can mean a company is good to work for and has loyal employees. Or it can mean it has a lot of dead wood that never gets cut.
According to Staffing.org, companies need to think about their retention in terms of a number of issues, including whether the employees who are leaving are good performers, whether they’re a bad fit for the company, whether they’re hard to replace and what it costs to hire new people.
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