Retaining staff is an urgent issue as turnover rates have experienced an uptick to 57 percent. Research shows that a lack of communication between managers and workers is a leading contributor to employees leaving. Creating a workplace culture of transparency and fairness can help buck this trend. 

Building a great organization where people want to work comes down to instilling the elements of an effective corporate culture across the organization — from the front-line worker to the department manager to the CEO. The four essentials include: 1) determining your principal objective; 2) establishing your corporate character; 3) developing consistent management systems; and 4) conducting business ethically.