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Tim The Business Doctor
Staff Retention

Staff Retention

Why employee retention deserves to be taken seriously

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Tim The Business Doctor
May 04, 2023
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Staff Retention
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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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