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How to Prevent Top Talent From Leaving Your Small Business

Pay raises typically provide a temporary benefit and don’t always address the root cause of why employees decide to leave. But there are a variety of other methods to retain talent.


According to the most recent “ADP National Employment Report,” the U.S. private sector added 257,000 jobs in December. While economic indicators like this are great news for American workers, the strengthened economy’s effect on the jobs market now poses new recruitment and retention challenges for small and midsize businesses across the country. There have been 69 consecutive months of private sector job growth, and that’s led to talent scarcity in some areas — a major trend reversal from the 2007 to 2009 financial crisis and subsequent recession.

This talent challenge is further compounded as small businesses also have fewer resources than larger companies to attract and retain the best employees. [Read More]

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