Top talent demands | Here's why your next performance chat will define your retention

How much influence can one performance review have? If you ask your average employee, it may have a massive impact on their plans to stick around. In this article, we want to outline the case for focusing on performance as a means of boosting your retention.

What Drives Employee Retention?

There’s one inescapable truth about the modern workplace: top talent demands development. One study from LinkedIn found that 94% of employees would stay at a company longer if the business was actively investing in their careers.

Time and again, when you quiz employees on their priorities, career development and career progression are consistently at the top. In some cases, things like development may even outrank other factors like flexible working, salary and working hours.

Turning to Ruth Thomas, Personio’s Director of People & Organisational Development, the answer is clear: “The way people learn has evolved, and employee development needs to keep up. General training sessions alone simply won't fly anymore.”