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How Culture Leads to Lower Turnover

Retaining Top Talent – Culture

Retaining top talent in a competitive industry can be a challenge for senior management. Yet, its importance cannot be overstated. Loss of employees affects customer satisfaction, coworker satisfaction, sales and overall reflects poorly on the health of your company. Further, the loss of knowledge, training expenses and the affect on your succession planning adds to the cost of failing to retain key employees. A positive work environment defined by your company culture can help.

By defining a strong company culture you can decrease employee turnover according to this Columbia University study. At NextGen, we completely agree. In our experience, star employees don’t leave a company because of money. Typically, they leave because of a negative company culture.

While most employees want their work to be challenging, they spend so much time at the office they also want their workplace to be fun and not miserable. If you can keep them engaged, challenged, happy and valued, more likely than not they’ll stick around. And, it’s not just about defining your company culture. It’s how you implement your company culture to build a shared experience fostering camaraderie that’s important.

If you can find unique ways to create an environment that your team wants to be part of and make it a great place to work, you’ll keep great employees.

About NextGen

NextGen is the brainchild of longtime telecom professionals with nearly 50 years of experience and millions of dollars in Telecom Recruiting Services. We focus on establishing long term relationships with our clients and candidates so we can recruit the best and the brightest in the telecom industry. This ‘quality over quantity’ approach is at the heart of everything we do and has resulted in successful job placements at Fortune 1000 firms worldwide.