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Retaining top talent in 2026 is about more than creating a positive company culture; employees are looking for jobs in which they feel truly seen, heard and invested. They want growth opportunities, but also want to maintain a healthy work-life balance. Offering all of this isn’t always easy, but the cost of not offering it could be detrimental to your business.

Studies suggest that the cost of employee turnover to a company is approximately 33% of their annual salary. With productivity costs, time spent filling the role, and training periods for the new employee, it all adds up – and quickly.

Fortunately, Employment Hero’s HR and payroll solutions can help you create a culture your best people will never want to leave.

Recognize your team

Employee recognition may seem like a fundamental element, but it is too often neglected in the daily grind of running a business. When employees feel like their hard work is invisible, they start looking for the exit.

Employment Hero makes this easy, offering a range of recognition, thank you and even birthday and anniversary options. These can be linked to company values ​​or automated with time triggers and can be assigned by management as well as colleagues.

The live business feed on the dashboard displays them in real time, ensuring no win goes unnoticed.

The Power of Employee Benefits and Benefits

In an era of rising costs of living, your compensation strategy needs to go beyond base salary.

The Benefits tab in the EH Work app gives your employees access to thousands of discounts on everyday essentials, from groceries and fuel to gym memberships and insurance. You can even award Hero Points for exceptional performance, giving your team tangible rewards they can spend on things they actually want. This is a powerful way to help your team’s revenue grow further without increasing your salary budget.

Develop your employees

Keeping your team engaged is one of the most effective ways to retain top talent. You need to actively invest in their learning and development, as well as provide them with opportunities for growth.

The Learning Management System (LMS), delivered in partnership with Go1, allows you to assign courses to employees to ensure onboarding and compliance training runs smoothly and can be completed. Beyond that, employees can use the LMS to improve their skills in areas such as leadership and AI knowledge, ensuring their engagement and ability to future-proof their skills.

Once an employee is ready to advance their career, they can head to the Career tab in the EH Work app to view and apply for internal jobs, allowing them to find their next role within your company and retain their institutional knowledge and talent.

Support your team with an Employee Assistance Program (EAP)

Burnout and stress are the silent killers of retention. An Employee Assistance Program (EAP) provides a vital safety net, giving your team 24/7 access to professional, confidential advice.

“After just one session, I felt a huge weight on my shoulders,” said Anna, an EAP user working at a mid-sized technology company. “Not only did my counselor support me through a dark time, but she also gave me coping strategies that I still use today. My employer may never know how grateful I am for our EAP, but the sessions I had with my counselor were literally life-changing. I hope I never need to use it again, but it’s a huge comfort to know that it’s there if I do.”

By providing support when they need it most, you can show your employees that you care about them as people.

Be serious about setting goals

Many high-performing employees are intrinsically motivated and seek alignment with overall goals and strategies. By not providing this, they may become disengaged and frustrated.

Employment Hero uses the Objectives and Key Results (OKR) framework which focuses on transparent and connected company, team and employee goals. By using OKRs effectively as a team, all of your employees understand how they contribute and can achieve the larger goal of the organization.

Improve one-on-one (1:1) communication

If managers and their direct reports only communicate when something is wrong, employees can feel unsupported and voiceless.

By scheduling recurring one-on-ones (1:1) within the Employment Hero platform, managers can dedicate time to the development, workload management, and well-being of their direct reports. The feature includes predefined talking points and questions, as well as note-taking and comments, allowing everyone to keep track of what was discussed, delete actions, and return to previous topics.

The Power of Employee Happiness Surveys

Employee happiness is one of the most important factors when it comes to staff retention. Happy, engaged employees will always be easier to retain than those who are disengaged and performing in their roles.

The employee happiness survey feature allows you to collect anonymous feedback in real time. Using a simple 1-10 scale and open-ended feedback, you get an honest look at company morale. This feature even allows executives to respond to anonymous comments, opening a secure dialogue to resolve issues before they escalate.

Your retention strategy with Employment Hero starts now.

To reduce turnover and retain your star employees, you want to improve their work experience. You want them to feel valued and appreciated, because if they feel satisfied in their role, they are less likely to seek fulfillment elsewhere.

Our team of HR and business specialists is ready to show you how to retain top talent with Employment Hero. They can walk you through a demo and show you exactly how to get the most out of our software. Contact us today so you can retain your employees tomorrow.