Does it make more financial sense for your business to recruit new employees or retain the valuable ones you already have? And which tools work best for encouraging employee retention? Other top reasons were a lack of opportunity to advance, excessive overtime hours, a work environment that didn’t encourage teamwork and an inflexible boss. While it’s unrealistic to accommodate every employee wanting a raise, the cost of finding a replacement is encouragement enough for HR professionals and managers to consider the option seriously.
The Real Cost of Hiring and Turnover
