Employee turnover costs your company in multiple ways. In fact, reports show that turnover costs employers a whopping $15,000 per employee, mostly for reasons that are avoidable. In addition, there are massive ramifications to the entire company when your top star leaves the team. As a business owner, attention to employee retention is key for a thriving work environment.
Feature Photo by Ian Schneider on Unsplash
If you run a small business, you are most likely faced with limited resources. So, retaining your best and brightest is vital to your business success. Therefore, efficient and effective employee retention strategies help to improve office morale and productivity. Such strategies ensure that your best workers don’t leave you for the competition.
Consider these three simple and cost-effective employee retention strategies to help you succeed.
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