Author(s): Pham Hoang
Employee retention is a critical factor in maintaining organizational stability, enhancing productivity, and reducing the costs associated with high turnover rates. This article explores the importance of employee retention and examines various strategies to foster a loyal and committed workforce. Through a review of best practices, including competitive compensation, professional development opportunities, a positive workplace culture, and effective communication, we outline how organizations can create an environment that encourages employees to remain long-term. Emphasizing the role of leadership and continuous feedback, this article provides actionable insights for HR professionals and managers to improve employee satisfaction and retention.