Employee retention strategy

Turnover is expensive. Losing your best people is devastating.

New Zealand’s national staff turnover rate sits at around 21%, with some industries seeing rates as high as 88%. The cost of replacing a good employee is estimated at 100% to 300% of their annual salary, once you factor in recruitment, onboarding, lost productivity, and the institutional knowledge that walks out the door.

Effective retention starts with understanding why people stay and why they leave, then building systems that address the real issues. It goes deeper than salary.

We help you develop retention strategies that work, based on what your people tell you (not what you assume) and what the data shows.

What we deliver:

·       Turnover analysis and benchmarking

·       Stay interviews and engagement diagnostics

·       Exit interview analysis and action planning

·       Targeted retention strategies for key talent

·       Manager capability building (because most people leave managers, not companies)

·       Career pathway development

·       Total rewards strategy review

The business case: Reducing voluntary turnover from 25% to 15% in a 50-person company can save hundreds of thousands of dollars annually in direct costs alone, before you factor in productivity, morale, and customer impact.