04/05/2025

Deploy These Strategies to Stop Losing Your Best Employees

Consider these three tips

With the Society for Human Resource Management estimating that replacing an employee costs businesses between 50-200 percent of their annual salary, employee retention strategies aren't just feel-good exercises, they're investments.

High employee turnover is often a direct result of poor recognition practices. When employees leave, they take valuable institutional knowledge with them, forcing organizations to restart the costly and time-consuming hiring process.

Over 50 percent of companies lack a formal strategy to retain employees after recruitment, according to a Watson Wyatt survey.

Please select this link to read the complete article from Entrepreneur.