Retaining Staff Boosts Revenue, Remote Working Major Pull For Employees: Study
NDTV
A new report suggests that retaining employees will help companies grow their revenue and profits.
At a time when layoffs by global tech firms are grabbing headlines every other day, a new report suggests that retaining employees will help companies grow their revenue and profits.
Infosys Knowledge Institute's report The Future Of Work, 2023 says companies that increased their (employee) retention over the last three years saw a 75 per cent growth in revenue and 77 per cent profit. This is at least 17-18 percentage points higher than for those that decreased their employee retention.
"In the current market environment, growth is clearly linked to staff retention," the report says.
The major factor helping in staff retention is remote working for employees, says the study. At least 65 per cent of senior executives say they are increasing remote working to attract or retain talent.
