by Jackson Chen
With so much competition across the multifamily industry, it can be a difficult task to retain employees. However, retention has proven to be invaluable for residential companies, large and small, when it comes to long-term performance. There are measurable benefits that come with high retention rates, including retaining institutional knowledge, saving on hiring costs and more productivity and consistency within the company.
There’s no exact formula for improving retention rates, but a lot of companies have been relying on a strong culture to keep employees happy and engaged. While building that culture isn’t something that’s achieved overnight, taking some of these necessary steps will pay off in the long run.
Read Jackson Chen’s article in Multi-Housing News.