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Monitoring employee engagement: Metrics such as engagement survey scores or turnover rates signal morale and satisfaction, which impact retention and organizational performance. The insights from these surveys can help reduce employee turnover. Unsurprisingly, dissatisfaction is a common reason for employee turnover.
However, we believe these uncertain times are the best time to prioritize your future leaders, investing strongly in their potential growth, and securing their retention within the role. It is more crucial than ever to continue employee development efforts to build a capable workforce and plan for the future of your business.
The Millennial generation, individuals born between 1982 and 2004 , are stepping into leadership positions more rapidly than you might think. Having a diverse, open-minded work environment is never a bad thing, which is why Millennials are crucial to organizational success. Retention. (6). SuccessionPlanning. (3).
These scorecards measure both quantitative metrics like recruiting and retention, as well as qualitative metrics like how often managers participate in activities such as mentoring. Create a successionplan that prioritizes diversity When it comes to diverse leadership, employers have a long way to go.
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