turnover costs

What Are Some Long-Term Strategies to Mitigate Turnover Costs?

Long-term strategies to mitigate turnover costs include:
Building a Strong Employer Brand: A strong employer brand attracts and retains top talent.
Investing in Employee Well-being: Offer health and wellness programs to support employees’ physical and mental health.
Creating a Clear Career Path: Provide opportunities for advancement to keep employees motivated and engaged.
Regularly Reviewing Compensation Packages: Ensure that your compensation and benefits are in line with industry standards.
Fostering a Feedback Culture: Encourage regular feedback and act on it to improve the work environment.

Frequently asked queries:

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