Retention will be one of the biggest workplace challenges in 2024. But the answer isn’t more workaholism.

“The value of a worker increases significantly if they stay in one place for a long time — but only if they’re satisfied. Nothing highlights the importance of retention more than the fact that replacing one employee can cost a company the equivalent of 1.5 years of their salary,” notes Árpád Rab.

Loyalty today is a two-way street. Employees stay when the workplace values creativity, innovation, and personal growth alongside commitment. That means investing in development, offering learning opportunities, and fostering a culture that puts mental well-being ahead of burnout.

Do that, and you’re not just keeping your best people — you’re also creating the space for their most creative and innovative ideas to come to life. If you’d like to hear more on this topic, listen to the first episode of our Game Changers podcast with Árpád Rab, exploring the future of work.