Finding and keeping the best talent is a top challenge for growing startups. How do you keep the people you find and ensure they aren't lured away by a bigger, better established company?

1. Five Employee Retention Strategies
for Growth Stage Companies

2. BIGGEST EXPENSES
STARTUPS FACE IS
TALENT

3. Employee replacement can cost
up to 60% of an employee’s
annual salary

4. Employee retention strategies that
are designed specifically for growth
stage companies
5

5. Look at the Hiring Process from
Ground Zero

6. 80%of all new hires
decide whether to stay at a
company in the first six months

7. Evaluate your recruiting process and onboarding procedures
How thorough are you about the candidate
Steps you take new employees and make them feel like part
of the team

8. Provide Career Development
Resources

9. CAREER IS MUCH
MORE THAN A
PAYCHECK

10. Bring in experts to
provide in-office
presentations
SEMINARS AND
CLASSES
CONFERENCES
AND
NETWORKING
EVENTS
Offer reimbursement
for conference
attendance, both
related to your industry
and to specific skill sets
PROVIDING
MENTORING
AND
COACHING
Provide coaching
resources for new and
developing managers

11. Offer Increased Flexibility Over
Traditional Work

12. Boston Consulting Group survey of
more than 200,000 people recently
listed compensation as only the
seventh most important factor in
happiness on the job

13. Employees are increasingly looking
for flexible, non-traditional work
opportunities

14. Give Freedom to Excel

15. TOP TALENT WANTS
TO DO WHAT THEY DO
BEST

16. Implementing an 80/20 rule to
offer a chunk of time every week to
experiment and try new things

17. Building a Team for Long Term
Success

18. Recruiting, onboarding
Work-life balance recognition
Resources to develop and challenge
your team
RIGHT APPROACH

19. KEEPS PEOPLE ON
BOARD FOR
LONGER

20. Download 5 tips for more
insightful one-on-ones

21. MORE INFORMATION
https://torch.io/five-employee-retention-
strategies-for-growth-stage-companies/