Retaining talented employees is essential to building a strong workforce, and it also reduces the money spent on replacing new people. When your retention rate is low, you will be forced to recruit new talent and train incoming employees for their job responsibilities. This may cause your business productivity to take a hit as your existing employees will have to spend their time on training new hires rather than concentrating on their work. Employees who are associated with your organization for a longer period are also likely to be more loyal and work better as they are familiar with organizational goals, policies, and procedures.
Check out the infographic below to learn some tips on how to enhance employee retention,