With 4.2 million quits in June 2022, according to a recent Bureau of Labor Statistics (BLS) report, companies are working to find ways to retain their current talent and create a welcoming, inclusive environment for their employees. Notably, a Deloitte survey finds that 72% of employees would consider leaving their current organization for another with better diversity, equity, and inclusion (DEI) initiatives. Many organizations are turning to improved DEI programs, flexibility benefits, employee wellbeing opportunities, and even raises to retain their top talent in the post-pandemic workforce. In addition to increased compensation, here are some additional ways that companies can recognize their long-term employees' commitment to the company.

Improve internal DEI measures

Quantum Workplace found that while 61% of employees believe DEI strategies are beneficial and essential to the workplace, almost a third of employers (29%) think there is still a long way to go to meet their DEI needs, found Lever. DEI has always been a vital aspect of employee retention. Employees who differ from their coworkers when it comes to religion, gender, sexual orientation, socio-economic background, age, among other factors, may not feel comfortable or valued at their company, and leaders have a responsibility to change that.