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Turnover: great for pastry fans, but less so for competitive businesses.
Every business is bound to experience some degree of turnover as their employees develop new skills, needs, and aspirations in their career. That being said, high turnover rates can leave organizations scrambling to fill gaps and recover lost productivity—leading to terrible consequences for your business as you seek out new employees.
What’s worse? According to Gallup, 42% of employee turnover is preventable—but too often, organizations overlook the steps they could take to keep their best talent.
Below, we’ll take a closer look at:
What high turnover means and how it’s measured
The top causes of employee turnover
Strategies to reduce turnover and improve these metrics What exactly is a high turnover rate?
In the workplace, a high turnover rate refers to the percentage of employees who leave a company within a specific time frame, by involuntary or voluntary turnover.
As a result, it is typically viewed as a warning sign that may point to deeper issues within an organization’s employee experience—with some requiring immediate attention.
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