Final answer:
A company with low employee engagement is more likely to experience higher turnover compared to one with high engagement. Employee retention strategies are particularly important for millennials and Generation X, who value meaningful work and frequent recognition.
Step-by-step explanation:
A company whose employees have low engagement is likely to have higher turnover as compared to a company with high employee engagement. Employees with low engagement might feel undervalued, underpaid, or unsatisfied with their work, leading them to pursue opportunities elsewhere. Factors such as better pay or more meaningful work can draw employees to another employer, exerting market pressure that may prompt a business with low engagement to improve its practices.
Retaining staff, particularly among millennials and Generation X, requires recognizing their different expectations and the reduced sense of loyalty towards a single employer. This includes offering frequent rewards, praise, and making their work feel meaningful. Therefore, a business with high turnover may need to reassess its strategies for employee engagement to foster a more loyal and productive workforce.