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How to Reduce Employee Turnover in Five Steps
It is no secret to business owners that high turnover rates increase expenses and reduce a company’s efficiency. According to a study, employee exit costs up to a third of a person’s annual salary. High turnover rates also cause employee morale to quickly plummet since the remaining employees don’t feel appreciated. If your company is suffering from low retention rates, don’t worry too much yet. Making your employees love your brand and want to stick around...