Preventing High Turnover Rates: How to Keep The Best

What are the impacts of high turnover?

• Recruitment and training costs are significant
• Loss of knowledge and experience reduce workforce efficiency
• Delays in projects and disruptions to daily routines can hamper business goals
• Diminished morale can lead to further attrition

What steps can managers take to reduce attrition?

• Managers must focus on employee needs and drives
• Promotions from within can increase employee commitment
• Special projects can be targeted to engage employee interests
• Training can provide a sense of progress and growth

Overview/Description

While some turnover is unavoidable, companies must take proactive steps minimize its effect. This Business Impact explores retention strategies for holding on to top performers.

Target Audience

Individuals responsible for managing personnel either occasionally, for example as project managers, or more permanently as team leaders or line managers.