group of employees giving each other a high 5 (Photo: Shutterstock)

In a candidate’s market, employers and HR teams can’t simply lean on the age-old methods of increasing compensation and equity to keep staff. According to Glassdoor, the average US employer spends about $4,000 and 24 days to hire a new employee. This is not efficient or profitable for businesses today. In order to succeed with long-term retention, leaders need to look at the big picture and understand the full employee journey— that means leaning into engagement, managerial trust, and ample growth opportunity as key pillars of a retention strategy. Below are three steps HR leaders and managers can take to ensure they’re keeping employees happy, engaged and around for the long haul.

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