Strengthening employee retention by fostering an owner’s mindset

Retaining great employees is an ongoing challenge for business leaders – one that has only grown more difficult in today’s uncertain economic climate and competitive job market. Recent data from Workhuman shows that more than a third (36%) of U.S. employees plan on leaving their jobs within the next year. Today, employees have more options to choose from, increasing their likelihood of leaving their current positions in search of better opportunities. What’s more, the emotional and mental strains of the pandemic have caused employees to question the purpose of work and their role within an organization. “Is the time and effort I’m putting into my job worth it? Does my company appreciate me? Do I share in its mission and purpose?”

In an ever-evolving environment, how can companies better retain top talent and maintain a strong and stable workforce so they can continue to grow and succeed in the long term? With proper thought and planning, one powerful, proven solution is employee ownership.

Cultivating an owner’s mindset