Retaining Top Talent in iGaming: How We Reduced Employee Turnover by 20%
In the fast-growing and highly competitive iGaming industry, retaining top talent is a critical factor for success. As a CEO, I faced the challenge of high employee turnover, particularly among valuable team members. Here’s how I implemented strategies to reduce turnover by 20% and create a supportive company culture. 1. Employee Retention Rate How effectively a company retains its employees. ERR = (Number of retained employees / Total number of employees) * 100 Example: If 10 out of 100 employees leave in a year, the ERR would be 90%. My goal was to achieve an ERR above 85%, and through a series of targeted actions, we increased our retention rate to 92% over two years. 2. Employee Satisfaction Score Employee satisfaction is a key indicator that directly impacts their loyalty and willingness to stay with the company. ESS = (Sum of satisfaction survey scores / Number of respondents) We regularly conducted employee satisfaction surveys. Using the feedback, we implemented programs to imp...