Companies need to know where they are in order to decide where they need to go.
Not having enough two-way communication with your employees leads to misunderstandings, low engagement and turnover.
Millennials are now the largest portion of the workforce. They have different wants and needs from their jobs. Have you asked your millennials (and all employees) what they are looking for?
Employees have many misconceptions. For example, 64% of employees who are paid at market rate actually believe they are underpaid. Amazingly, 35% of employees who are paid above market rate still feel they are underpaid. Do you know what you pay relative to the market, and what your employees think about it?
The first steps in building better employee retention include understanding your current status.