If you want to retain your top talent, you may have a challenge ahead. In 2017, 26% of Americans quit their jobs, the highest level in over 10 years, and 51% said they are looking for new jobs. These tips - from praise to non-traditional benefits to travel policy tweaks - will help you keep your stars within your budget.

1. 7 Ways to Retain Your
Best Employees in a
Hot Job Market

2. Don’t Lose Your Best Talent
If you want to retain your top employees, you may have a
challenge ahead. In 2017, 26% of Americans quit their
jobs, the highest level in over 10 years.
These tips will help you keep your stars, all within your
budget.
© 2018 CWT 2
51%
of Americans are looking for new jobs
Source: Forbes, “Competition is the New Union,” December 26, 2017
Source: Gallup Workforce Panel Study

3. Tip 1: Praise Goes a Long Way.
And, It’s Free.
Thank your employees in team meetings, send
quick notes to say “good job,” post shout outs to
star performers on social media, or treat your
team to lunch for a job well-done.
© 2018 CWT 3
93%Of workers recognized
in the last six months
believe their work has
meaning and purpose
93%
of workers who were recognized in the
past six months believe their work has
meaning
Source: The WorkHuman Research Institute: 2017 Survey Report

4. Tip 2: Annual Feedback
Doesn’t Cut It
Companies that give employees regular
feedback or quarterly reviews find it gives
them more opportunities to build trust,
recognize strong performance, and
develop employees’ skills.
© 2018 CWT 4
Source: Harvard Business Review: The Performance Management Revolution

5. Tip 3: Employee Growth is Worth
the Investment
Accenture plans to spend $1.4 billion on training over
the next four years. Of course, you don’t need to
spend nearly that much.
Some cost-effective training options include online
learning programs, peer-to-peer training and industry
events.
© 2018 CWT 5
$1,605
average spend on training per
employee by small and mid-sized
companies
Source: Forbes, “Competition is the New Union,” December 26, 2017
Source: American Society for Training & Development (ASTD)'s State of the Industry Report

6. Tip 4: Flexibility is Key
EY found 74% of employees want the ability to
work flexibly. Allow employees the freedom to
work flexible hours or from home without
penalization.
© 2018 CWT 6
Source: EY, Global Generations Report

7. Tip 5: “Always On” Isn’t
Always Best
Employees, especially Millennials, crave a
better work-life balance. Besides offering
flexible work arrangements, be an example
for your employees.
Zillow’s CEO leaves at 5:30 and turns off his
phone until 8:30 p.m. so he can be with his
family.
© 2018 CWT 7
Source: Forbes, “Competition is the New Union,” December 26, 2017

8. Tip 6: Travel Burnout is Real
Small travel policy changes can have a big
impact.
Consider giving employees additional time off
to compensate for travel during personal time,
equip employees with tools to reduce the time
spent booking travel, or provide low-cost perks
like TSA Pre-Check and in-flight WIFI.
© 2018 CWT 8
80%
Of frequent travelers said an employer’s
travel policy was as important or more
important than pay or responsibilities.
Source: New York Times, “Competition in Job Market Lets Professionals Set Their Travel Terms”

9. Tip 7: Beyond the Basics
Many companies are expanding their benefits packages
beyond typical health and dental plans.
 According to Willis Towers Watson, 70% of employers
will offer identify theft protection by 2017.
 To retain and attract Millennials, many companies are
now helping them consolidate their student loan debt.
© 2018 CWT 9
2:1
A StayWell study found that wellness
programs have a strong ROI after
three years.
Source: Benefits Pro, Voluntary Benefits: 12 Trends Heading into 2018
Source: ROI of Wellness

10. 24%
of rates are exclusive
to us
We’re here to help.
10
In over
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cities
Most competitive rates
95%
of the time
1 million+
properties worldwide
Save your top employees and travelers frustration and time by
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RoomIt by CWT is transforming the business travel world by
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To request a demo, visit www.roomit.com
*Analysis of a sample set of hotel room night rate audits by RateGain, a third party firm contracted by CWT. Their audits are performed
monthly with two mid-week stay dates that are two weeks apart. Sample of 12k properties contracted by CWT and rotated monthly.