How can employee wellbeing impact retention rates?
Employee wellbeing significantly influences retention rates. When employees feel supported and valued, they are more likely to stay.
What specific wellbeing initiatives can improve retention?
Initiatives like mental health support, flexible working hours, and wellness programs can enhance employee satisfaction and retention.
Are there any statistics on this relationship?
Yes, studies show that companies with strong wellbeing programs can see up to a 25% increase in retention rates.
How can I measure the effectiveness of these initiatives?
You can measure effectiveness through employee surveys, retention metrics, and tracking participation in wellbeing programs.
What are some common challenges in implementing these programs?
Common challenges include budget constraints, lack of employee engagement, and difficulty in measuring outcomes.
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