What are the advantages of managing turnover in organizations.
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In the down economy, companies have to cut costs and maintain tighter budgets. This includes, dealing with employees. One area that has to be carefully managed is retention. When employees leave and turnover figures are high, the costs become unmanageable. Training, hiring, lower production, and supporting the learning curve for new job hires all take a toll on the company's financial well being and morale building.
It costs money to hire people. If a company searches for the best, it costs more. When companies have to continually hire new people because people leave ...
The expert determines the advantages of managing turnover in organizations.