Developing an Employee Retention Strategy
You must have an effective employee retention strategy. Without such a plan, you can lose your top employees to the competition without even realizing that they are looking around. By the time you hear the rumors, it will be too late to do anything about it.
Find out why your employees are leaving the organization. Turnover not only costs your organization money to replace employees, but you lose much more: Valuable and irreplaceable knowledge goes out the door when employees leave. You might also lose part of your organizational culture because valuable and historical memory and traditions can be lost forever during a transition. Worse yet, you might lose valuable people to your competition, thus ...
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