Employee Training: More Critical to Recruiting and Retention Than You Thought

Employee turnover is costly. From a purely financial perspective, replacing a departed employee can cost roughly one-third of their total salary. From a cultural perspective, institutional knowledge is lost, morale can be harmed, and engagement can suffer. What can companies do to avoid these costs and convince their employees to stay? Stronger benefits and salary raises are often floated as the top ways to improve recruitment and retention efforts, ...

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