Ghanaian companies are grappling with high employee turnover despite investments in competitive compensation and benefits. Executives and HR leaders consistently express concern over retaining top talent. Current strategies focusing solely on financial incentives appear insufficient to address the root cause of departures. Experts suggest the primary driver of employee retention is not salary, but perceived opportunities for professional development and career advancement within the organization. Companies are being urged to prioritize creating clear pathways for growth and demonstrable progress for their employees. This shift in focus aims to foster a more engaged and committed workforce, ultimately reducing costly turnover rates.
