Employee retention in Cyprus: What employers cannot ignore
Cyprus employers are finding it harder to retain employees. Unemployment is near record-low levels and job vacancies remain high, giving employees more opportunities to change jobs. This is reflected in KonnektTalexio’s “Trends in the Cypriot Labour Market” report, based on a nationally representative CYMAR survey of Cypriot workers, which found that 67.1% of respondents are…
Read MoreEmployee retention beyond fixed-term contracts in Malta
Fixed-term contracts have a role in Maltese employment, but they shouldn’t be used to retain staff. Under the Employment and Industrial Relations Act, if an employee leaves early, they may owe up to 50% of their remaining salary. Some companies use fixed-term contracts as a retention tool; however, this breeds resentment, not loyalty. To improve…
Read MoreHealthy, happy, productive: the best well-being programs for employees
HR leaders nowadays are balancing the need to reduce turnover and prevent burnout while maintaining high productivity levels. It’s now clear that looking after employee well-being is no longer optional; it is the most effective way to reach these business goals. However, it is vital to remember that well-being initiatives should never be used to…
Read MoreWhy the importance of feedback in the workplace is non-negotiable
As a leader, you invest in strategy, technology, and market positioning. But what if the most powerful driver of your company’s success is something less tangible? It’s a healthy feedback culture. Too often, there’s a gap between what leaders think and the reality their employees experience, a culture of silence where potential stagnates and talent…
Read MoreEmployee retention in Malta: Factors you can’t ignore
Employee retention in Malta is more challenging than in larger markets. The talent pool is limited, word-of-mouth spreads quickly, and finding replacements for skilled professionals takes time and money, which many organisations overlook. Five main factors influence employees’ decisions to stay or leave: fair pay, career growth, manager quality, flexibility, and culture. While salary is…
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