These 3 Factors Play a Key Role in Employee Retention, Data Shows

In today's competitive job market, retaining talent is easier said than done. But high employee turnover can be a costly, time-consuming problem to deal with. The process of recruiting job candidates, conducting interviews, and onboarding new hires can be a strain on your company's limited resources and impact its bottom line, so if you'd rather not grapple with turnover, you'll need to step up your game on the retention front.

To this end, LinkedIn did some research to see what factors lend to better employee loyalty. Here's what it found.

Nobody wants to feel stuck in a dead-end job. But if your workers don't shift roles from time to time, they may begin to grow frustrated and seek employment elsewhere. To combat that, help your employees move around within the company, even if just laterally.

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Source Fool.com