The driving force of all organizations is talent. The employee with talent is the organization’s key resource. This being the case, it is incumbent on the organization to do its best to retain such a resource. Retaining key employees is critical for organizations because the loss of good employees hurts it in many ways.
- It deprives the organization of the vital contributions from a talented employee;
- This reflects poorly on the management’s image with clients it does business with;
- It gives the competition that hires such an employee the edge.
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Ways by which Employers can Retain Key Employees