Future possible post – COVID19 improved economic times may result in significant job-market turbulence. Typically, when the economy picks up after a few down years, the employment floodgates open as new job opportunities emerge and workers flee their jobs for greener pastures.
A successful Thailand headhunter and company can’t survive without an effective retention program. Unplanned turnover is expensive and can cost up to four times the departing employee’s salary, plus lost productivity, quality, institutional knowledge and employee morale. Therefore, you need a plan that takes into account the vulnerability of key losses, reduces employee turnover, lowers expensive replacement costs and increases motivation to achieve company growth objectives and maximize profit potential.
An effective retention strategy should address four principal components:
The RSM Recruitment Agency Thailand business is this year entering its fifteenth successful year in operation.