Businesses with high turnover rates have the potential to negatively impact the organisations short-term and long-term growth. Employees who leave unexpectedly can be harmful to the company’s growth, especially during the early stages. The process of sourcing a replacement and training them can take up a lot of resources, such as time and money, which limits the ability of the organisation to invest such resources in other operations that could help the business grow. Additionally, high-turnover rates can also affect employee morale, and trigger negativity in the workplace. In saying this, it’s essential to retain employees, especially high-performing ones.
So, here are 6 ways that can help improve employee retention.6 Ways to Improve Employee Retention