Retaining good employees is one of the most rigorous challenges. That's why The ABCs of Employee Retention is so helpful. From "Always Show Respect" to "Zealously Ask for Input," this article covers all the bases.
Replacement costs usually are 2.5 times the salary of the individual. The costs associated with turnover include lost customers, business, and damaged morale. In addition are the hard costs of time spent in advertising, screening, verifying credentials, references, interviewing, hiring, and training the new employee just to get back to where you started.
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