Employee retention is assumed to be a priority for HR, but the ROI of long term employees is not discussed as often as it should be. According to the Bureau of Labor Statistics, the average employee tenure is four years, and tenure tends to be higher among older workers. Technology and the changing expectations of employees around the world are leading to shifts in the way people work.
Businesses are hiring more contract workers and employees are working wherever their skills are needed at the time instead of remaining loyal to one firm, according to the ADP Research Institute® report, The Evolution of Work: The Changing Nature of the Global Workplace. These trends can be positive for employers.
