Locating a qualified workforce

Retaining needed employees is a hot topic in today's market place. Concerns may focus on employee morale, reducing costs, improving customer service, reducing absenteeism, increasing productivity or avoiding costly legal fees. But paying attention to employee turnover contributes to solving problems in any of these areas.

The U.S. Department of Labor estimates that employee turnover can cost between $20,000 and $30,000 per incident. To roughly figure specific employee recruitment costs, figure one-third of an employee's annual salary, according to the International Telework Association & Council.

The suggestions in this section of the Workforce Resource Notebook provide options -- many are low cost -- that successfully keep employees on the job. Many are the answer to employer needs for dependable employees. Which are best for a particular business depends on the culture and employee make-up of that business. To get started, do a demographic analysis of the workers involved, and then conduct a needs survey of those workers.

Matching the particular needs of your employees with retention suggestions from this section can give your company a winning "Retention Strategy."

What is employee retention? Study these 15 parts for a comprehensive understanding of what this challenge means.