Companies need to be more resourceful in boosting employee retention rates. Why not explore company pension programs?
“Staff turnover is crazy! In the last year I’ve had to replace four staff that quit from my six member team and two had only just finished their first year training,” complained Ms Wang, a bank credit analysis team manager. She isn’t alone. China really is a poacher’s market for good staff. Employee turnover in finance and IT industries is estimated to be around 30% per annum.