Advance Blog

January 9, 2023
tom sorensen

3 best employee retention strategies?

The simple answer is to start hiring the right people. Common sense but easier said than done.

Try to imagine each hiring activity and each step in the recruitment process as one piece of a jigsaw puzzle.

The more pieces (read: hiring activities) that you can put on the empty puzzle board, you will without doubt improve your decision which candidate to select as your first-choice.

Activities in the recruitment process; not some but all please

  • Read the resume – and again
  • Prepare interview questions based on hiring manager’s brief
  • Write your script including the Employee Value Proposition (used to “sell” the opportunity)
  • Telephone screening
  • Video interviewing
  • Two rounds of in-person interviews
  • Psychometric and Cognitive assessments
  • Reference checking
  • Background investigation
  • Employment agreement template ready to fill with name, title, starting date, compensation
  • Preboarding-must-do (prior to first working day)
  • Onboarding programme (starting Day 1)

Internal mobility Number 1 to retain employees

LinkedIn published a report in October 2022 on Global Talent Trends. This year, we are already seeing a slower pace of growth across major economies. Hiring activities begin to ease off the back of the post-pandemic recovery.

Singapore, as an example, have seen hiring rates decline 14% since September 2021. India is down by 18% and Australia by 14%.

In a sample of other countries, it is the same picture that the hiring rate has decreased over the past year.

LinkedIn Head Economist APAC, Pei Ying Chua, says: Companies that excel at internal mobility are able to retain employees for an average of 5.4 years – almost twice as long as companies that struggle with it.”

Companies in Singapore were among the top three countries globally, that saw the biggest improvement in employee retention among internal movers at the 3-year mark.

The website link to the excellent must-read LinkedIn Talent Solutions report is at the end of this blog.

Pei Ying Chua also says:

Amidst the uncertain global economic climate, it is likely that the hiring rate will continue to decelerate from the historical highs of last year.

Regardless, the labor market in APAC remains tight, with many countries reporting low unemployment rates. As a result, in the coming year, it’s predicted that competition for talent with in-demand skills will remain fierce.

Measure candidate personality and intelligence

One of the most important activities (read: jigsaw puzzle piece) that is now used by thousands of small to big companies is psychometric and cognitive assessments of candidates (hiring) and employees (personal development).

Remember, the best retention strategy is to hire the right people from the beginning.

Another argument is that you are not doing your job if you do not hire the right people. Yes, we always thought it was only a mistake when hiring the wrong ones. Right?

The Predictive Index is one of the most advanced cloud solutions that professional companies are trusting when they hire and when they work with HR and Organizational Development.

By Tom Sorensen

Managing Partner of Tom Sorensen Recruitment Co., Ltd.

Email: [email protected]


Tom Sorensen, Managing Partner of Tom Sorensen Recruitment Co., Ltd.
Tom Sorensen is an executive search veteran with over 25 years’ experience recruiting in Asia, Europe, and Africa. He has worked in retained executive search in Thailand since 2003 and is recognized as one of the country’s top recruiters and most profiled headhunters. He is also a Partner in NPAworldwide with 567 offices on 6 continents. For more:

Thailand’s Personal Data Protection Act B.E. 2562 (2019) (“PDPA”)

As the Personal Data Protection Act (PDPA) also applies to personal data collected prior to the PDPA’s entry into force, please be informed that AustCham Thailand will automatically keep your contact details including email address, name and last name, and company details, on our mailing list.

Your data was received by AustCham Thailand as a result from you either registering or attending an event, contacting our office or subscribing to regular updates via the website. However, if you would like to stop receiving emails AustCham Thailand and revoke your consent for AustCham to keep and use your data to contact you for chamber events and updates, please scroll down to the end of this email and click “Unsubscribe from this list”. Your personal data will be shortly deleted once the opt-out notice request is received.

Please note that your data is kept in AustCham’s CRM system, please see here for AustCham’s Terms of Use and Privacy Policy. AustCham uses a management software system from Wild Apricot, and emails are distributed through MailChimp.