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One of the reasons why employees some loyal to larger companies is because they invest in the future of their employees with workplace pensions etc. In Britain it has now become part of the LAW to offer a workplace pension to qualifying employees: but at great cost to small business.
Increases Morale. Employees that enjoy what they do and the atmosphere in which they work are more likely to remain employed with their company. Retention strategies are important because they help create a positive work environment and strengthen an employeeâs commitment to the organization. Strategies that target employee engagement, such as team-builders and community involvement, increase company morale and give employees a sense of pride in what they do.