Retaining Staff Reducing Employee Turnover

Retaining Staff Reducing Employee Turnover Introduction Employee turnover and the memory board of valued employees ar study problems facing business in the U.S. The average turnover rate is hovering at 15%. The embody associated with that turnover can be high - generally 25 percent of the individuals annual salary. Unemployment in the United States is at a 24-year low. Employee loyalty is down. Never before has it been so critical to focus on strategies for keeping good employees. However finding a solution to high turnover is not easy. One major inducement for retaining employees is the cost of turnover.

Keeping good employees increases profits. Employee turnover is a direct drain on the bottom line. Another motivator for employee retention is the high cost of recruiting and replacing valued employees. In a low-unemployment market, employees argon increasingly difficult to find. Many employers are trying to reduce employee turnover with quick fixes, gimmicks, games,...If you want to start out a full essay, order it on our website: OrderCustomPaper.com

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