When one of the employees resigns, it creates a new challenge for the managers which adds to their regular job. The departure of the skilled and experienced professional creates pressure on the managers to find a similar or better replacement so that the operations of the business are not affected. Not only this but it also poses a challenge in terms of its effect on the other employees of the team.
Moving forward, let’s see the importance of employee retention in business:
- Hiring is tough
Investment at risk
One’s loss is other’s advantage
To retain loyalty
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