Employee Turnover: How to reduce
High employee turnover rates are a major problem across several organizations globally. So much is spent on recruitment and training and then the employees leave for reasons that may look inappropriate. Several times managers are in a fix over how to prevent it or reduce the churn rate since it hurts the bottom line. Retention programs are considered a solution but unless they are well designed, they can fail to achieve the desired purpose. A high turnover rate means increased HR costs.