Retaining talent is critical to the long term success of a company. Managers spend a lot of time, effort and money in the hiring process to screen and select the best possible employees and they definitely need to retain that talent.
Employee turnover has a high associated cost and various estimates show what that could be. According to a study by the Society for Human Resource Management, employers need to spend the equivalent of six to nine months of an employee’s salary in order to find and train their replacement.
Salary is a very important thing in one’s life – be it the salary you are negotiating for a new job or just the annual salary review. In both cases it is also very relevant to keep in mind that money is not the only thing to discuss but also include the negotiation for company benefits in line with the company’s prevailing policies.
To be able to do an effective job in negotiating and achieve your desires some key pointers are :