How To Guide | Strategy and Leadership

3 Steps to Drive Employee Retention and Business Growth

It’s not a choice, you can do both!

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April 22, 2024, 12:23 PM | By: ServiceNow

Why You Should Care

80% of HR leaders view employee retention as a top priority over the next 5 years.

51% of employed workers are either watching for or actively seeking a new job.4

76% of workers say they are more likely to stay if offered continuous learning and development.

According to a recent study: “Common challenges for HR leaders”: 89% of HR leaders believe career paths at their organizations are
unclear for many employees, and 66% of HR leaders agree career paths within their organizations are not compelling for many employees.

The price of dissatisfied workers is high. Also per Gartner, “On top of that, based on the average cost of replacing one employee and average attrition rates, an organization with 10,000 employees could spend $16 million per year to replace employees who quit due to burnout.”

A new approach to career development is critical for driving retention and business growth.

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Read now to:

Streamline the talent development experience to strengthen your workforce.
Improve retention and productivity
Extend automation
Develop skilled people
Make smarter talent decisions

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By: ServiceNow

At ServiceNow, we make the world of work, work better for people. We deliver digital workflows that create great experiences and unlock productivity.

Topics

Employee Experience and Engagement

Organizational Design

Performance Management

Skills Development

Strategy and Leadership

Talent Management

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3 Steps to Drive Employee Retention and Business Growth

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