Investing in Entry-Level Talent: Retention Strategies that Work
$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.