Exploring the cost implications of an ever-changing workforce and highlighting the benefits of retaining staff
Employee retention is an increasingly significant concern for businesses across the globe. Here in the UK, where the job market is highly competitive, retaining staff has become a critical aspect of a company's success. The costs associated with high employee turnover can be crippling, while the benefits of retaining staff are numerous.
Recruitment expenses
When an employee leaves a company, the recruitment process begins anew. This involves advertising the position, sifting through resumes, conducting interviews, and selecting the most suitable candidate.
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