Retention isn’t just about keeping employees—it’s about keeping the *right* employees engaged, productive, and committed. For HR and finance professionals in midsize firms, retaining talent can be the competitive edge that drives both stability and innovation across departments.
The cost of losing a mid-career employee can exceed 150% of their annual salary. Beyond financial loss, frequent turnover erodes institutional knowledge and undermines team morale. A strong retention strategy pays dividends in engagement, productivity, and leadership continuity.
Retention begins on Day One. A clear onboarding plan, transparent communication, and a culture of recognition help new hires feel valued early. Long-term retention requires career development paths, competitive compensation, work-life flexibility, and authentic inclusion efforts.
When HR and finance departments align their goals, they can build programs that encourage loyalty—from mentorship initiatives to wellness benefits and performance incentives. Employees don’t leave companies—they leave poor cultures and unclear expectations.
Retaining top talent requires planning, purpose, and partnership. Don’t leave it to chance. Talk to us about building a retention strategy that works for your people and your bottom line.
