Top 5 Employee Retention challenges

Have you ever wondered why people leave your company at a rate higher than the industry average? You must have noticed the hit to your bottom line. Indeed, a high rate of employee churn is a costly affair.

What are the main reasons for employees leaving a company? Unsurprisingly, a bad salary can cost you your top employees. People also are constantly on the lookout for better opportunities that challenge and excite them, as per the latest surveys. Many employees even cite overworking and lack of appreciation as the reasons for leaving. Finally, there is something that is directly under your control—failure to hire the right employees.

When it comes to retaining the top-performers, it becomes especially hard. They tend to jump ship constantly. So identifying why employees leave your company is crucial if you want to save thousands of dollars.

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