Hunt Scanlon: Understanding Employee Attrition & Retention
Retaining employees isn’t easy, and when they leave an organization, along goes their knowledge and skills. Managers then have to find new people to fill their roles and start training from the beginning. According to a new report from Cowen Partners, companies should consider two key metrics when monitoring their staff: employee attrition and employee retention.
October 24, 2022 – Organizations want to hold on to their employees as they are the lifeblood of a company, and managers spend lots of time training them to produce results and meet business objectives. When employees leave an organization, they take their knowledge and skills with them. Managers then have to find new people to fill their roles and start training from the beginning.
Retaining employees isn’t easy and organizations are learning that workers aren’t happy filling the same role year after year. “Employees want new challenges and more opportunities for moving up in the company,” says a report from Cowen Partners Executive Search, “If employees feel they’ve learned all they can in a role, they’ll look for another position in another organization that allows them to expand their capabilities.”
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About Cowen Partners Executive Search
Cowen Partners is one of the nation’s leading executive search firms focusing on enabling companies to harness the power of human capital to fuel their success.
The firm gives clients access to the top 1% of human capital to create opportunities that accelerate their growth and market share, helping them grow at scale, create value, and drive results with world-class talent.
Cowen Partners serves clients across industries, including small and large, publicly-traded, pre-IPO, private, and non-profit organizations, with placements spanning the entire C-Suite and include private equity CEOs, VP and director level leadership roles.
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