Employees are essential for running everyday business operations. They provide the foundations of an organisation. However, employees do come and go, and currently most businesses are facing high rates of employee turnover, specifically in Singapore.
Having a high staff turnover rate can be detrimental to the business, both short-term and long-term.
Staff turnovers can delay projects, affect an organisation’s growth rate and can also impact employee morale. Finding replacements is time-consuming and expensive. Therefore, it’s important to retain your current employees, especially highly-skilled talents.
In saying that, here are 5 strategies that can help you counteract the rising employee turnover in Singapore5 strategies to counter rising employee turnover in Singapore