Compensation, Benefits and Employee Turnover HR Strategies for Retaining Top Talent

Employee turnover is recognized as costly and disruptive. The costs of employee turnover often exceed 100% of the annual salary for the vacated position. Yet managers are often unaware of the full range of tools and tactics available for effectively managing employee turnover. Based on award-winning...

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Bibliographic Details
Published inCompensation and Benefits Review Vol. 45; no. 3; pp. 171 - 175
Main Authors Bryant, Phil C., Allen, David G.
Format Journal Article Trade Publication Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.05.2013
SAGE PUBLICATIONS, INC
Subjects
Compensation
Employee benefits
Employee turnover
Management theory
Managers
Studies
Wages & salaries
compensation
turnover
retention
rewards
talent
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Summary:Employee turnover is recognized as costly and disruptive. The costs of employee turnover often exceed 100% of the annual salary for the vacated position. Yet managers are often unaware of the full range of tools and tactics available for effectively managing employee turnover. Based on award-winning research and professional experience, the article offers managers several strategies for effectively managing employee turnover. Strategies offered include both compensation and benefits–based solutions and solutions beyond compensation and benefits.
ISSN:0886-3687
1552-3837
DOI:10.1177/0886368713494342