Long-tenured staff are a benefit to any organization. They possess knowledge of and experience in not just the industry but also the specific company they work for. They can serve as mentors and teachers to new hires and serve as stewards for the organization’s long-term goals.
Unfortunately, employee turnover is a huge problem for businesses across virtually all industries. On average, companies lose a quarter of new hires in the first year, and according to one survey, 87% of employers list employee retention as a key priority for their business.