How to Boost Employee Retention

Finding great team members is only half the battle—here’s what you need to do to keep them Finding the right employees takes a lot of time and resources. The last thing you want to do is accept a two-week notice from a valued member of the team. One-third of new hires quit their jobs within the first six months, according to the Society for Human Resource Management—making employee retention one of your most crucial tasks. “Maintaining a loyal and competent staff is an ­important part of a successful jewelry business,” says Leon Rbibo, cofounder and president of the Pearl Source, an online pearl retailer based in Los Angeles. “Losing employees can be ­expensive and can really have a negative effect on the bottom line,” adds Rbibo, who is dedicated to recruiting and retaining top-notch talent in an evolving and expanding marketplace. People are most likely to leave t
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