Investing in Entry-Level Talent: Retention Strategies that Work

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Investing in Entry-Level Talent: Retention Strategies that Work

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Friday, April 14, 2017 - 9:15am

CAMPAIGN: Impact Hiring

CONTENT: Article

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$9 Billion Dollars

That's how much voluntary entry-level turnover cost the U.S. retail industry in 2016. And turnover rates are rising across industries from healthcare to banking.

Investing in the retention and advancement of your entry-level workforce provides significant benefits to your business—financially, competitively, and culturally. In Investing in Entry-Level Talent: Retention Strategies that Work, we highlight 4 key strategies practiced by companies with track records of success.

Find out how:

  • Gap Inc. doubled retention rates
  • Southwest Airlines achieved a 2-5% turnover rate
  • Cigna's tuition reimbursement program produced a 129% return on investment

When companies invest in the retention and advancement of their entry-level employees, they can improve business outcomes and ultimately contribute to a more economically vibrant and equitable society.

This research was funded by Walmart for the benefit of nonprofits, workforce organizations, and employers.

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Keywords: Diversity & Inclusion | Case Study | Corporate Social Responsibility | FSG | Human Resources | Jobs | Millennials | Research, Reports & Publications | Responsible Business & Employee Engagement | Shared Value | entry-level retention

CAMPAIGN: Impact Hiring

CONTENT: Article