Building HR policies for Companies I Founder of The HR Scope I Recruitment | End to End HR Agreements | HR Growth Consultant I POSH & Labor Law Trainer I C-Suite Resume Writing | 80+ Top Global Organizations Served.
You shouldn't undervalue the employee retention SHRM study says, cost of replacing employees ranges from 50% - 60% of annual salary. Imagine Ms. Sara who earns Rs.50,000. She decides to leave the company. The cost to replace her would be (Using lower end of this range) 50% of 50,000 = 25,000 To address frequent employee replacement: -Fix organizational culture by adopting. -Improve leadership effectiveness by training. -Enhance retention policies. Follow Kalpana for more😊
I Agree with you! For the organisation development there should be some adoption which are necessary for the company's growth and it should also enhance the retention policies.
Retaining employees is crucial for any organization's success. The cost of replacing an employee can be significant, not just financially but also in terms of productivity and morale. Kalpana Sakthivel
Costly turnover exposes workplace flaws. Fix roots, reap stability.
Thanks for posting
Good point!
Student at Vivekanandha college of Technology For Women
5moyou,re right! This is showing appreciation to employees, providing competitive pay and benefits, and encouraging a healthy work life balancing. Increasing employee retention has a direct impact on business performance and success.