Retaining top talent starts with understanding why employees leave. It’s not just about bigger paychecks—though compensation is crucial—many employees seek more meaningful opportunities for career growth, alignment with company culture, feeling valued, and a sense of belonging.
Since the pandemic, the reasons people choose to leave have become more complicated. Workers are burned out. Many now prioritize a better life for themselves and their families over traditional job security. Flexibility, purpose, and a strong connection to their work culture are now non-negotiables.
Recent research from the National Institute of Standards and Technology (NIST) highlights the urgency of addressing employee retention.
According to a Gartner study from late 2021, employee turnover rates are expected to be 50-75% higher than what companies have previously experienced. Additionally, 65% of employees are reassessing the role work plays in their lives, with only one-third seeing opportunities within their current organization that support their work-life balance.
The MIT Sloan Management Review (SMR) echoes these concerns, noting that employee dissatisfaction often stems from a lack of engagement, trust, and recognition, especially in remote work environments. CEOs, middle managers, and individual contributors all feel the pressure. Leaders face mass resignations, middle managers are increasingly overburdened, and employees struggle with the lack of trust to perform their jobs remotely.
Beyond the financial costs of turnover, the impact on morale and customer relationships is significant. Losing your best people—those who drive innovation and solve problems—can ripple through your entire organization.
Abundantly provides the tools and retention strategies to help organizations retain great employees by focusing on recognition, engagement, and a thriving workplace culture.
Key Steps To Retain Employees With Abundantly:
Understand Why Employees Leave And What Keeps Them Engaged
Retention efforts start by knowing why people leave and why they stay. Go beyond exit interviews. Conduct regular, anonymous surveys to understand employee needs and concerns. Abundantly’s platform makes it easy to gauge employee sentiment and recognize patterns in engagement.
Reaffirm Why Employees Joined Your Organization
Employees joined your company for a reason—whether it was the culture, benefits, or career opportunities. Make sure those initial promises still hold true. Abundantly helps you personalize recognition efforts, ensuring employees feel valued and connected to the organization’s mission.
Involve Employees In Shaping The Future
Employees want to grow and feel a sense of progress. Use Abundantly to recognize their achievements and gather feedback on what they really want to stay engaged. Is it more flexibility, career development, or feeling more appreciated? Our platform can help you tailor your recognition efforts to individual preferences and organizational needs.
Ensure Fair Compensation With More Than Just Money
While fair compensation is essential, it’s not the only factor. Use Abundantly to offer non-monetary recognition that holds value—like personalized shout-outs, peer-to-peer recognition, or leadership acknowledgment. Intangibles like appreciation and career development can outweigh simple financial rewards.
Foster A Culture Of Meaningful Recognition
People want to know their work matters. Abundantly enables you to create a culture of recognition where every employee feels appreciated for their contributions. You can make work more meaningful by acknowledging efforts in a personalized, public way.
Create A Connected, Inclusive Workplace
A workplace where employees feel safe, included and supported fosters long-term commitment. Abundantly’s platform helps strengthen these connections, allowing employees to celebrate milestones, engage socially, and interact in meaningful ways. Engaging employees regularly builds a culture of trust and belonging. Here are proven strategies to boost employee engagement in the workplace.
Build A Culture Employees Love With Abundantly
Retention doesn’t have to be a challenge. With Abundantly, you have the tools to create a workplace where employees feel seen, heard, and appreciated. When employees feel connected to your organization’s mission and their contributions are celebrated, they’re more likely to stay—and thrive.
Let’s create a workplace where recognition fuels engagement and belonging drives results. Connect with Abundantly today and start shaping the future your team deserves.
