Staff retention refers to the ability of an organization to keep its employees and minimize turnover. It measures how well a company maintains its workforce over a specific period. High staff retention indicates that an organization is successfully engaging, satisfying, and retaining its employees, while low retention suggests issues such as dissatisfaction, poor workplace culture, or inadequate compensation and benefits. Effective staff retention strategies often include creating a positive work environment, offering professional development opportunities, providing competitive salaries and benefits, acknowledging employee contributions, and fostering strong relationships between management and staff. The goal of improving staff retention is not only to save costs associated with hiring and training new employees but also to build a cohesive and experienced workforce that can enhance productivity and organizational success.
A study recently conducted in remote Northern Territory and Western Australia healthcare clinics has identified a substantial turnover rate of 151% annually, indicating a pressing issue in staff retention. Published…