It is often challenging to create the perfect recipe for high employee retention rates: company culture, positive employee experience, mental health and DEI policies, employee recognition programs… These are crucial elements that should be part of your retention strategy.
However, one aspect that is often overlooked is the importance of employee feedback to avoid high voluntary turnover rates. Tellingly, retention rates decrease by 16% when employees are uncomfortable sharing feedback with their supervisors.
This statistic makes perfect sense: how can you improve employee experience without considering employees’ feelings?
There is no doubt that feedback from employees should be the cornerstone of your retention plans. Here are 4 ways employee satisfaction surveys can increase employee engagement levels in your company.